According to the Greek “China-Greece Times” report, according to data released by Eurostat, the Eurozone’s October inflation rate hit a 13-year high and is struggling with soaring energy costs, rising from 3.4% in September to 4.1%. .
According to Eurostat, the current inflation rate in the Eurozone is growing far higher than the 2% target set by the European Central Bank. This is mainly due to a 23.5% increase in energy prices in October, compared with a 17.6% increase in September.
Secondly, the price of services expanded from 1.7% in September to 2.1% in October. The price of non-energy industrial products also increased by 2%, compared with 2.1% in September. In addition, the prices of food, alcohol and tobacco also increased. 2%.
Looking at the situation in Greece, the inflation rate in October is expected to be 3%, compared with 1.9% in September. The lowest inflation rates in the Eurozone are Malta (1.4%), Portugal (1.8%), Finland (2.8%) and Greece (3%).
The countries with the highest inflation rates are Lithuania (8.2%), Estonia (7.4%), Latvia (6%), Spain (5.5%) and Belgium (5.4%).
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