Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU

Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September 2022, inflation in the European Union was 10.9%, up from 10.1% in August. According to Eurostat, the European Union’s statistical office, the rate was 3.6% a year earlier.

Finland (8.4%), Malta (7.4%), and France (6.2%) had the lowest annual rates. Estonia (24.1%), Lithuania (22.5%) and Latvia (22.0%) recorded the highest rates. In six Member States, annual inflation fell, one remained stable, and twenty rose. Energy (+4.19% pp) contributed the most to euro area inflation in September, followed by food, alcohol & tobacco (+2.47 pp), services (+1.80 pp) and non-energy industrial goods (+1.47 pp).