Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Annual inflation in the eurozone accelerated to a record 9.9%


October, 19 2022
watermark Economic news

According to the Statistical Service of the European Union Eurostat, by the end of September, annual inflation in the eurozone countries increased to a record 9.9%. In August, this indicator was at the level of 9.1%. A year earlier, inflation was 3.4%.


At the same time, annual inflation in all EU countries was at an even higher level. By the end of September, the growth rate of consumer prices in the region increased to 10.9%. Compared to last year's figures, the current bar has almost tripled. In August, inflation in the EU was at the level of 10.1%, and a year earlier – at the level of 3.6%.


The highest figures in September were recorded in the Baltic countries. In Estonia, the annual price growth was 24.1%, in Lithuania – 22.5%, and in Latvia – 22%. The lowest inflation rate was in France (6.2%), Malta (7.4%) and Finland (8.4%).


Analysts expect that the inflation rate in European countries will continue to grow until the end of this year. It is noted that anti-government marches have already begun in France, whose participants demand higher wages, since high inflation undermines their purchasing power.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.