Got a confidential news tip? published on Euro zone inflation hit a new record high of 10% in September, Eurostat data showed on Friday, up from 9.1% in August and above consensus projections of 9.7%. Advertisement. "The Euro area faces a particularly difficult dilemma. Euro zone unemployment came in at 6.6% in August, unchanged from July and showing evidence that the labor market has remained resilient despite the impending recession and energy crisis sweeping the continent. In the G20, year-on-year inflation increased to 9.5% in September 2022, from 9.2% in August. In September, the rate . At the end of the second quarter of 2022, the government debt to GDP ratio in the euro area stood at 94.2%, compared with 95.2% at the end of the first quarter of 2022. Inflation rate, i.e. They contain timely, high quality, monthly and/or quarterly indicators, and are issued simultaneously with data releases according to a set calendar, planned a year in advance. Collection: Euro indicators "Indeed, while headline inflation may start to ease as a result of base effects and volatile energy prices, with the unemployment rate itself at a new low, core inflation is building momentum and is likely to rise further in the coming months," she said in an email Friday. Sources: Eurostat and ECB calculations. In September 2022, the euro area seasonally-adjusted unemployment rate was 6.6%, down from 6.7% in August 2022 and down from 7.3% in September 2021. 04-Nov-2022. All Rights Reserved. m#!x r,'6=!$4lZ1Y}KtnfN[Iz!P2(tMz]X A year earlier, the rate was 3.6%. By contrast, the. The inflation peak is now expected during early 2023 and non-energy inflation is projected to be more persistent as it is affected by higher costs of inputs and labour. Not only is containing inflation largely out of the ECB's reach due to its supply side foundations, but raising policy rates will only deepen the acute economic weakness which is beginning to engulf the region.". We will investigate the issue. Thank you for the information. 16 Nov 2022 --- After months of political authorities and central banks trying to rein in sky-high inflation, some countries are starting to see some cost moderation - albeit prices remaining at historically high levels. Christine Lagarde, European Central Bank (ECB) president addresses a news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 8, 2022. The figures come as inflation in the UK hit a 40-year high. In August 2022, prices increased by 5.0% in the euro area and by 4.9% in the EU. 28-Oct-2022. Collection: Euro indicators In the second quarte Collection: Euro indicators , Product code: 2-21102022-BP, by . Notes: Seasonally adjusted data. Economy and finance. Whenever content matching the current criteria will be published or updated, an email will be sent to the address: Euro area: The first estimate for euro area exports of goods to the rest of the world in September 2022 was 259.6 billion, an increase of 23.6% compared with September 2021 (210.1 bn). Can Lula save the Amazon and the climate? GDP growth in the euro area and EU: In the third quarter of 2022, seasonally adjusted GDP increased by 0.2% both in the euro area and in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. We want to hear from you. endobj In the second quarter of 2022, GDP had grown by Collection: Euro indicators This page provides the latest reported value for - European Union Inflation Rate - plus . 16 Novemberfrom 19.00 to 23.55: The tools "Data Browser", "Data Explorer" and "API Statistics Webservices" will not be available. Euro area international trade in goods deficit 34.4 bn, GDP up by 0.2% and employment up by 0.2% in the euro area, Industrial production up by 0.9% in both the euro area and the EU, Volume of retail trade up by 0.4% in both the euro area and the EU, Industrial producer prices up by 1.6% in the euro area and by 1.5% in the EU, GDP up by 0.2% in both the euro area and the EU, Household real consumption per capita increases in both euro area and EU, Seasonally adjusted government deficit at 2.1% of GDP in the euro area and 1.8% of GDP in the EU, Government debt down to 94.2% of GDP in euro area. , Product code: 3-03112022-AP, New Chancellor of the Exchequer Jeremy Hunt. Eurostat, the EU's statistics office, said inflation hit an average of 10.9% across the 27-member bloc in September, according to the latest figures released on Wednesday. "With labor markets still tight and inflation gradually becoming more entrenched in the Euro area economy, today's numbers will only embolden the ECB to focus solely on inflation, giving them a green light to introduce another sizeable policy rate hike - even as the economy rushes headlong into a tough winter and recession," Shah said. In August 2022, the retail trade volume remained stable in both the eur Collection: Euro indicators Assuming a similar increase in September 2022 from the assumptions used in the September 2022 projections (maintained until the end of the year) would raise headline inflation by 0.2 percentage points in the third quarter of 2022 and by 1.0 percentage points in the fourth quarter (to rates of 9.3% and 10.2% respectively; see Chart). iZA&KxT Household real income per capita decreased in the second quarter of 2022 by 0.9%, after a decrease of 0.2% in the first quarter of 2022. Inflation in the eurozone is expected to have hit a new record high of 10.7 per cent in October, according to the bloc's statistics body Eurostat. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (40.8%, compared with 38.6% in August . stream HICPX inflation is the sum of demanddriven, supply- -driven and ambiguous components calculated as the trailing sum of the last 12 monthly contributions. These figures are published by Eurostat, the statistical office of the European Union. At the same time, the consumer price index in the eurozone increased by 10.7%, setting a new record. xZKs6kFtoNN;tzpz`l1EE]P- The euro area annual inflation rate was 9.9% in September 2022, up from 9.1% in August. The lowest annual rates were registered in France (6.2%), Malta (7.4%) and Finland (8.4%). Sign up for free newsletters and get more CNBC delivered to your inbox. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "This week it is hit or miss.". Euro zone inflation hit a new record high of 10% in September, Eurostat data showed on Friday, up from 9.1% in August and above consensus projections of 9.7%. Friday's print will exert more pressure on the European Central Bank to hike interest rates aggressively at its October meeting, and increases the likelihood of a longer and deeper recession across the euro zone. Collection: Euro indicators Collection: Euro indicators , Product code: 2-31102022-AP, endobj V)rXo-3Gz:G^v+mY sUvl W9@+f The reading also showed price. 2022 CNBC LLC. The figure matches a 40-year-high that was hit in July. Compared with August, annual inflation fell in six Member States, remained stable in one and rose in twenty.<, mons, norinios didiausias met ventes paminti blaiviai ir visikai kitaip, jau skuba uimti vietas Auksinje girioje, Lietuviko kavini tinklo Vero Cafe skm: per 15-a met n akimirkai nesuabejojome savo idja, Anglai ir amerikieiai nesivaizduoja Kald be io saldumyno: gamybos procesas pradedamas dar lapkrit, Tarpukario Lietuvos futbolo legenda: ukr naciams pragar padangje ir prisidjo prie garsiausio pabgimo i karo belaisvi stovyklos, Pirmoji ir vienintel kat, pabuvojusi kosmose, ir jos tragikas galas grus em, Su kuo kalbsis rusai: G-20 virni susitikime netiktas vaidmuo Erdoganui, Apetit slopinantys produktai: valgykite kone neribotai svoris vis tiek neaugs, Vilniet Kornelija dvi savaites keliavo po Amerik, o grusi stebjosi ileista pinig suma: manme, kad paklosime kur kas daugiau, takingasis The Economist: Joe Bidenas nebeturt siekti bti perrinktas. Energy prices rose 40.8% year-on-year, up from 38.6% in August, followed by food, alcohol and tobacco at 11.8%, up from 10.6% last month. Get this delivered to your inbox, and more info about our products and services. , Product code: 2-28102022-AP, Euro area annual inflation is expected to be 10.0% in September 2022, up from 9.1% in August according to a flash estimate from Eurostat, the statistical office of the European Union . A mechanical update of the projections would suggest an inflation rate of 7.1% in 2022. Based on Shapiro, A.H. (2022). The latest data shows that inflation rose on average to 10.9% across the European Union. In the eurozone, annual inflation is expected to have hit a new record high of 10.7 per cent in October, up from 9.9 per cent in September, according to the latest estimate of the bloc's. 4 0 obj (CN) Year-over-year inflation in the 19-nation eurozone stood at 9.9% in September, one point below the 10.9% annual inflation rate experienced in the broader 27-member European Union, according to a report released Wednesday by the EU statistics agency.. Over the past year, the eurozone and EU inflation rates have surged from 3.4% and 3.6%, respectively. Harmonized inflation in Greece "fell" to 9.8% in October, according to Eurostat data. Its task is to provide the European Union with statistics at European level that enable comparisons between countries and regions and to promote the harmonisation of statistical methods across EU member states and candidates for accession as well as EFTA countries. The inflation rate in the European Union reached 10.9 percent in September 2022, the highest rate of inflation recorded in the provided time period. Germany, the EU's largest economy, has unveiled a 200 billion plan to combat the energy crisis and soaring costs. published on Energy prices were up 40.8% this month, according to Eurostat data Gokhan Ergocun | 30.09.2022 ISTANBUL Eurozone inflation hit double digits in September, reaching a fresh record of 10%, according to official data released on Friday. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in Imports from the rest of the world stood at 294.0 bn, a rise of 44.5% compared with September 2021 (203.4 bn). Euro area annual inflation is expected to be 10.7% in October 2022, up from 9.9% in September according to a flash estimate from Eurostat, the statistical office of the European Union. Housing and household services contributed 2.79 percentage points to the CPIH 12-month inflation rate in May 2022. For the month of September, inflation in the Eurozone climbed to 9.9%, while it was 10.9% in Europe. <> %PDF-1.5 You can report the issue here. published on in best otc drug for acid reflux. 31-Oct-2022. The preliminary year-on-year reading of . Inflation in the 19-member eurozone reached 10% in September, the highest it has ever been in the history of the common European currency, according to the latest flash estimate from Eurostat, the . A year earlier, the rate was 3.4%. 14-Nov-2022, Theme: According to a Eurostat report released on Wednesday, inflation hit an average of 10.9 per cent across the 27-nation bloc in September, up 0.8 per cent from the record set in August. Despite prices rising more slowly (by 1.1%) between August and September 2022, there was a resurgence in the. .wX8fW+da. , Product code: 4-14112022-AP, The EU unemployment rate was 6.0% in September 2022, stable compared with August 2022 and down from 6.7% in September 2021. Stats Italy's debt-to-GDP ratio is the second-highest in the euro zone, Inflation gap between the U.S. and the euro area will widen: JPMorgan, JPMorgan's top stock strategist says use the latest rally to take some profits. The reading showed price increases broadening out from volatile food and energy prices into nearly all segments of the 19-member bloc's economy. The figure climbed from 9.1% in August and 3.4% in September 2021. The latest data shows that inflation rose on average to 10.9% across the European Union. published on Eurostat reveals that during September, only Denmark, Croatia and the Netherlands posted lower food inflation numbers . , Product code: 6-15112022-BP, New Chancellor of the Exchequer Jeremy Hunt has said the government under Prime Minister Liz Truss "will prioritize help for the most vulnerable while delivering wider economic stability.". European Union annual inflation was 10.9% in September 2022, . In August 2022, industrial production increased by 2.0% in the euro area and Collection: Euro indicators Economics Correspondent Inflation across the euro area rose to 8.6% in June, according to an initial estimate by the EU's statistical agency Eurostat. Before 2021, the inflation rate in the. EU leaders will meet Thursday to discuss the package and the latest regarding the assault onUkraine. Eurostat's flash estimate for the euro area in October 2022 points to a further increase in year-on-year inflation to 10.7%, reflecting an increase in energy price inflation to 41.9% up from 40.7% in September 2022. 21-Oct-2022. Inflation Rate in European Union increased to 10.90 percent in September from 10.10 percent in August of 2022. European Union Inflation Rate is at 10.10%, compared to 9.80% last month and 3.20% last year. "Europe is facing its week of truth," Belgian Prime Minister Alexander De Croosaid. Prices of goods in total and services went up (16.0% and 13.4%, respectively). Full article published on In September 2022, the seasonally adjusted industrial production rose by 0.9% in both the euro area and the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. Kevin Drum September 30, 2022 - 11:39 am 18 Comments. The annual inflation rate in the Eurozone was 9.9% in September, a jump from 9.1% in August. Its estimate for inflation in Ireland. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video, Rising costs have hurt small businesses in Germany and other EU countries, Ukraine updates: Zelenskyy calls Russia a 'terrorist state', Poland calls missile attack an 'unfortunate accident' LIVE, Ethiopia: Tigray starts to receive desperately needed aid, Germany builds ties with Vietnam, hedging bets against China, Germany deadlocked over major welfare reform, Turkish government criticized for bombing response, Iranians use social media to keep protest movement alive, New Museum of Broadway opens on Times Square. <> On a monthly basis, inflation in Greece slowed, registering a negative rate of -1% (it also fell in Estonia -1.6% and Malta -0.6%). 03-Nov-2022, Theme: The Europeans are always ahead of us with their inflation data because they're willing to release "flash" estimates before the month is even over. The report by the EU's statistics office added that the annual rate of inflation in the Eurozone was 9.9 per cent in September, compared to 9.1 per cent in August. , Product code: 2-15112022-AP, published on published on Inflation Rate in European Union averaged 2.15 percent from 2000 until 2022, reaching an all time high of 10.90 percent in September of 2022 and a record low of -0.60 percent in January of 2015. endobj A year earlier, the rate was 3.4%. eurostat inflation 2022. . The reading also showed price increases broadening out from volatile food and energy prices into nearly all segments of the 19-member bloc's economy. In September 2022, industrial producer prices rose by 1.6% in the euro area and by 1.5% in the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. In the second quarter of 2022, household real consumption per capita increased by 0.6% in the euro area, after increasing by 0.2% in the previous quarter. In September 2022, the seasonally adjusted volume of retail trade increased by 0.4% in both the euro area and the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. According to Eurostat's flash estimate, which was published after the projections were finalised, headline HICP inflation was 8.1% in May 2022 - somewhat higher than anticipated by the Eurosystem staff projections. <> Euro indicators provide general economic information on the euro area, European Union and individual Member States. published on Data is a real-time snapshot *Data is delayed at least 15 minutes. The corresponding figure for Finland was 8.4 per cent in . This is higher than the long term average of 1.95%. The increase was fuelled by energy prices which Eurostat estimates were 41.9% higher than in the same month last year. Euro area annual inflation is expected to be 10.0% in September 2022, up from 9.1% in August according to a flash estimate from Eurostat, the statistical office of the European Union. In August 2022, prices increased by 5.0% in the euro area and by 4.9% in the EU. published on Industry, trade and services. Euro area annual inflation and its main components, September 2012 - September 2022 (%) Source: Eurostat (prc_hicp_manr) The gures presented in this article are the actual Harmonised Index of Consumer Prices (HICP). While price 21-Oct-2022. For September, Eurostat reported annual inflation of 10%, which is bad enough, but that's year-over-year and doesn't capture their recent big . You are about to subscribe for an email alert. According to the data of the Hellenic Statistical Service, inflation in Greece reached 12% in September 2022. In the third quarter of 2022, seasonally adjusted GDP increased by 0.2% in both the euro area and the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. 2 0 obj 15-Nov-2022, Theme: Prices for food, alcohol and tobacco are meanwhile believed to have risen by. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.68] /Contents 4 0 R/Group<>/Tabs/S>> The figures come as inflation in the UK hit a 40-year high. , Product code: 2-21102022-CP, According to the data of the Hellenic Statistical . In the second quarter of 2022, the seasonally adjusted general government deficit to GDP ratio stood at 2.1% in the euro area and 1.8% in the EU. published on However, core inflation, which excludes food and energy, climbed 4.8% on the year, up from 4.3% in August, and economists broadly expect the situation to get worse before it gets better. These figures are published Collection: Euro indicators Decreases in the deficits compared to the first quarter of 2022 were observed for the euro area and EU. Consumer prices in the 19 countries that use the euro as their currency rose at a record annual rate of 10.7 percent in October, the European Commission reported on Monday. wUd^n=[7o_x[f`{xa:6lFw~eQX>fN.%IKB^([OcNX. VBT. , Product code: 4-08112022-AP, November 14, 2022 @ 1:16 am. Inflation is on the rise across global economies. aA The euro area annual inflation rate was 9.9% in September 2022, up from 9.1% in August. European Union annual inflation was 10.9% in September 2022, up from 10.1% in August. Russia's war on Ukraine has fueled high inflation and an energy crisis within the EU and the UK, wreaking havoc on national economies. Energy prices, which rose at an annual rate of 40.8 percent in the eurozone in September, were the main contributor to the accelerating inflation, driven higher by the invasion of Ukraine by Russia. The highest annual rates were recorded in Estonia (24.1%), Lithuania (22.5%) and Latvia (22.0%). The relief measures include a gas price capand a tax on windfall profits made by energy firms. According to preliminary data, inflation in the euro area was 10.7 per cent in October 2022. 1 0 obj Euro area annual inflation is expected to be 10.0% in September 2022, up from 9.1% in August according to a flash estimate from Eurostat, the statistical office of the European Union . In September 2022 the CPI +0.3% compared with the previous month and +8.9% year-over-year Reference period: September 2022 | Date of Issue: 30 September 2022 Typology: Press release Themes: Prices Consumer and business confidence - September 2022 Its October estimate predicts that prices for . Seema Shah, chief global strategist at Principal Global Investors, said that while headline inflation may be at its peak, the continent's situation remains deeply concerning. Inflation in the eurozone reached double-digits and yet another new record high in September, according to preliminary data, as the negative consequences of Russia's war in Ukraine continue to. For the month of September, inflation in the Eurozone climbed to 9.9%, while it was 10.9% in Europe. % Meanwhile in the United Kingdom, the latest figures show that inflation hit 10.1% in September. We are sorry to hear that. 31-Oct-2022. , Product code: 4-04112022-AP, According to the preliminary data on the Harmonised Index of Consumer Prices (HICP), the rate of inflation in the euro area was 10.7 per cent in October. MOSCOW (Sputnik) - Annualized inflation in 19 eurozone countries accelerated to an all-time high of 9.9% in September from 9.1% a month earlier, according to Eurostat's final estimate. The latest observation is for September 2022. 15-Nov-2022, Theme: A Division of NBCUniversal. 10/19/2022. Preliminary estimate showed that inflation was 10% in September. As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of 24.1 percent. In August 2022, prices increased by 5.0% in the euro area and by 4.9% in the EU. Eurostat is the statistical office of the European Union situated in Luxembourg. Harmonized index of consumer prices (HICP)2) According to . The invasion has disrupted the supply of Russian gas to European countries, causing energy prices to skyrocket. 08-Nov-2022. published on In September 2022, industrial producer prices rose by 1.6% in the euro area and by 1.5% in the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. Euro area annual inflation was 9.9 % in September 2022, up from 9.1 % in August 2022. In the EU, the ratio also decreased from 87.5% to 86.4%. Overall prices for food and non-alcoholic beverages have risen throughout 2022. more 03/11/2022 Euro area unemployment at 6.6% Eurostat, the EU's . ?'^d%e)*@ZJSW3Ja {U]2'mj Y2 .V[f_ 2G&>rb9k.Sm! &8Yfo In September 2022, industrial producer prices rose by 1.6% in the euro area and by 1.5% in the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. International trade. , Product code: 2-31102022-BP, Global inflation is forecast to rise to 8.8% in 2022 from 4.7% in 2021 but decline to 6.5% in 2023 and to 4.1% by 2024, according to the . title of the documentary film . the increase in the average consumer price index in the twelve months to October 2022 compared with the average CPI in the previous twelve months, amounted to 13.5% (12.7% in September). The European Commission on Tuesday proposed 40 billion ($39.2 billion) in aid to help small and medium-sized firms and "address energy poverty through support to vulnerable households.". 3 0 obj Population and social conditions. Rising costs in the UK put pressure on the Bank of England to raise interest rates further. In September, it stood at 10 per cent. As a result, annual HICP inflation is forecast to remain around 11.5% in 2022 and to rise further to 13.9% in 2023 before stabilising at around 3.5% in 2024. For both the euro area and the EU, the decrease in government debt to GDP Collection: Euro indicators Investing.com -- Eurozone inflation touched a fresh record high in September, fuelled in particular by soaring costs for energy, according to Eurostat data. Find the scheduled releases in the dedicated Euro indicators release calendar. The deficit to GDP ratio decreased due to stronger Collection: Euro indicators

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