Euro zone inflation hits record high 10% in September

“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,” EU statistics agency Eurostat said in a statement on Friday.

“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), followed by food, alcohol & tobacco (11.8%, compared with 10.6% in August), non-energy industrial goods (5.6%, compared with 5.1% in August) and services (4.3%, compared with 3.8% in August),” the agency added. (ILKHA)