According to Eurostat data released on October 2nd, energy – which accounts for approximately 9% of the inflation basket – has risen by 18.8% year-on-year, contributing about 1.7 percentage points to the overall increase. This is the main factor driving inflation back up across the region.
In addition, service prices – the largest group in terms of value – continued to rise, including costs such as rent, food, travel , and insurance. Prices for food, alcoholic beverages, and tobacco also increased by 1.4%, higher than the previous month. Notably, fresh produce such as vegetables, fruits, and meat saw a sharp increase of 4%.
Meanwhile, non-energy industrial goods such as automobiles, clothing, and household appliances increased by only 1.1%, a slight decrease compared to the previous month, becoming the only group to record a slowdown.
By country, several nations such as Lithuania, Bulgaria, Cyprus, Luxembourg, Greece, and Spain all recorded inflation of 5% or higher. Among the major economies, Italy and France recorded rates of 4.1% and 3.4%, respectively.
This development increases pressure on the European Central Bank (ECB), with inflation remaining above its target, raising the possibility of maintaining or tightening monetary policy in the near future.
Source: https://dttc.sggp.org.vn/lam-phat-eurozone-tang-vuot-xa-du-bao-post138059.html
