Eurozone annual inflation accelerated to 9.9 percent in September

Data from the European statistics office “Eurostat” showed on Wednesday that the annual inflation rate in the euro zone accelerated to 9.9 percent in September, less than the initial estimate of 10 percent.

The office indicated in a report that the annual inflation rate in the countries of the region (19 countries) rose from the level of 9.1 percent in August.

On a monthly basis, the inflation rate rose by 1.2 percent in September, compared to an increase of 0.6 percent in the previous month.

Core inflation – which excludes some items including food and energy – rose by 4.8 percent on an annual basis, compared to 4.3 percent in the previous month.

According to the data, inflation in the euro area continues to record levels since the rise began in November 2021.

The economies of the Eurozone have been affected by the negative repercussions of the Russian-Ukrainian war, which is causing high levels of global inflation and an increase in commodity and energy prices to a record level.

The eurozone includes the countries of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and the United Finland.