Inflation hits record 10% in 19 EU countries using euro
Source: Associated Press, via WTOP
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Inflation hits record 10% in 19 EU countries using euro
The Associated Press
September 30, 2022, 7:10 AM
FRANKFURT, Germany (AP) Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globes major economies as higher prices undermine consumers spending power.
Consumer prices in the 19-country eurozone rose a record 10% in September from a year earlier, up from an annual 9.1% in August, EU statistics agency Eurostat reported Friday. Only a year ago, inflation was as low as 3.4%.
Price increases were beyond what market analysts had expected and are at their highest level since record-keeping for the euro started in 1997. Energy prices were the main culprit, rising 40.8% over a year ago. Food, alcohol and tobacco prices jumped 11.8%.
Im already looking a lot more for special offers, said Myriam Maierhofer, a 64-year-old trainer and coach for staff development, who was shopping Thursday at weekly outdoor market in Cologne, Germany. I dont throw away so much so quickly, so Ive become more economical with food. And this morning, I also turned down the heating in the rooms again.
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Read more: https://wtop.com/europe/2022/09/inflation-hits-record-10-in-19-eu-countries-using-euro/
elias7
(4,026 posts)Many people for some reason are being convinced that domestic policy of Bidens is contributing to inflation, and the medias responsibility is to explain that this is a global problem.
Bayard
(22,128 posts)RobinA
(9,894 posts)The man is a magician! He neither lives nor runs things over there, yet he wreaks the same havoc over there as he has here!