MADRID, 19 Oct. (EUROPA PRESS) -
The year-on-year inflation rate in the euro area stood at 9.9% last September, which marks a new historical record and represents an acceleration of eight tenths compared to that registered in August, although it is one tenth below the first estimate of 10% published by Eurostat, according to the second reading of the data carried out by the Community Statistics Office.
In the case of the European Union (EU) as a whole, the year-on-year inflation rate for September accelerated to 10.9% from the 10.1% corresponding to the month of August.
In September there was a general rise in prices in the eurozone, so the increase is not attributable to a single figure. Energy prices, still the main drivers of the rate, grew by 40.7% in the ninth month of the year, compared to the 38.6% rise observed in August.
However, fresh food prices increased by 12.7%, which represents an acceleration of 1.7 points compared to the 11% rise in the previous month. Services registered an inflation of 4.3%, five tenths more; while non-energy industrial goods accelerated four tenths, to 5.6%.
When excluding the impact of energy from the calculation, the year-on-year inflation rate in the euro zone stood at 6.4% in September, compared to 5.8% in the previous month, while also excluding the effect of prices of fresh food, alcohol and tobacco, the core inflation rate reached a record 4.8%, five tenths more than in August.
In the month of September, eleven of the nineteen countries in the euro zone registered double-digit inflation rates, while among the Twenty-seven there were a total of 18 countries that registered rises in the cost of living of at least 10%.
Among the EU countries, the largest price increases were observed in Estonia (24.1%), Lithuania (22.5%) and Latvia (22%), while the least intense increases were observed in France (6 .2%), Malta (7.4%) and Finland (8.4%).
In the case of Spain, the harmonized inflation rate reached 9% in September, compared to 10.5% in August, so the country has achieved a favorable price differential with respect to the eurozone of nine tenths.
Compared to the eurozone and the EU, the inflation rate in the United States stood at 8.2% last September, one tenth below the rise in prices in the month of August, while in the The United Kingdom rebounded to 10.1%, compared to 9.9% in August, thus returning to the highest level since 1982, which had also been observed in July.
The Governing Council of the European Central Bank (ECB) raised interest rates by 50 basis points in July and by 75 points at its September meeting. The governing body of the central bank of the euro zone will meet again to examine its monetary policy on October 27.
