Greece records the biggest drop in the Eurozone
Inflation in Greece moved to 9.5% in October 2022, according to Eurostat’s final data, marking the biggest drop in the Eurozone.
At the same time, the Eurozone recorded a record inflation of 10.6%.
According to the same data, annual inflation in the European Union rose to 11.5% in October 2022, up from 10.9% in September. A year earlier, the figure was 4.4%.
The lowest annual inflation rates are recorded in France (7.1%), Spain (7.3%) and Malta (7.4%).
On the contrary, the highest percentages appear in Estonia (22.5%), Lithuania (22.1%) and Hungary (21.9%).
It is worth noting that inflation decreased in 11 Member States, remained stable in 3 and increased in 13.
In October, the largest contributor to the euro area’s annual inflation rate came from energy (+4.44 percentage points), followed by food, alcohol and tobacco (+2.74), services (+1.82) and non energy industrial goods (+1.62).
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