Eurozone inflation rose to 3.4% in September, mainly attributable to higher energy prices.
- The annual inflation rate for the Euro area was 3% in August and -0.3% in September 2020.
- Eurostat stated the highest contribution to the annual Eurozone inflation rate came from energy (+1.63 percentage point), followed by services (0.72 percentage point), non-energy industrial goods (0.57 percentage points, and food, alcohol & tobacco (0.44 percentage points).
- Europe’s annual inflation rose to 3.6% in September, up from 3.2% in August as the inflation rate was 0.3% in September 2020.
- Compared with August, the annual inflation rate dropped in one member state, remained stable in one, and increased in 25.
- On a monthly basis, both the consumer prices in the EU and Eurozone increased by 0.5% in September.
The highest annual inflation rate was recorded in Estonia and Lithuania (6.4%), followed by Poland at 5.6%. Malta (0.7%), Portugal (1.3%), and Greece (1.9%) had the lowest inflation rates.
Euro Stoxx 50 up +0.14%, EUR USD up +0.04%Source: Eurostat