News > Inflation hits record 10% in 19 European Union countries
Inflation hits record 10% in 19 European Union countries
The Hindu | 30/09/2022 08:37 PM | Click to read full article
Consumer prices in the 19-country eurozone rose a record 10% in September from a year earlier, up from an annual 9.1% in August, EU statistics agency Eurostat reported Friday. Only a year ago, inflation was as low as 3.4%.
Price increases were beyond what market analysts had expected and are at their highest level since record-keeping for the euro started in 1997.