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Cairo
January 27, 2023
Egypt Bulletin
Business

Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU

Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September 2022, inflation in the European Union was 10.9%, up from 10.1% in August. According to Eurostat, the European Union’s statistical office, the rate was 3.6% a year earlier.

Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EUFinland (8.4%), Malta (7.4%), and France (6.2%) had the lowest annual rates. Estonia (24.1%), Lithuania (22.5%) and Latvia (22.0%) recorded the highest rates. In six Member States, annual inflation fell, one remained stable, and twenty rose. Energy (+4.19% pp) contributed the most to euro area inflation in September, followed by food, alcohol & tobacco (+2.47 pp), services (+1.80 pp) and non-energy industrial goods (+1.47 pp).

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