The pace of price growth in the European Union and the euro area is not slowing. The inflation rate in the twenty-seven rose to 10.9 percent year-on-year in September, which is 0.8 percentage points higher than in August. This is according to current Eurostat data.
The Baltic States lead
The Baltic States face the highest inflation. Estonia remains the sad leader of the inflation rankings, where the annual inflation rate reached 24.1 percent in September. This is followed by Lithuania (22.5) and Latvia (22). Hungary also reported more than 20 percent inflation, at 20.7 percent.
In France, inflation rose the least
On the other hand, prices rose the slowest in September in France, where they increased by only 6.2 percent year-on-year. The second lowest inflation in the European twenty-seven was recorded by Malta (7.4), the third by Finland (8.4). Inflation in Germany and Austria is at the European Union average. Prices in Denmark have already risen by more than 11 percent. Of the old EU member states, prices are rising fastest in the Netherlands, by 17.1 percent.
In month-on-month terms, prices rose in September in all EU countries except Spain, France, Cyprus, Malta, Slovakia, where month-on-month deflation occurred, and Ireland, where prices stagnated in September compared to August.
