Annual Inflation Down to 4.3% in The Euro Area in SeptemberSource: www.export-egypt.com 10/22/2023, Location: Middle East |
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The euro area annual inflation rate was 4.3% in September 2023, down from 5.2% in August. A year earlier, the rate was 9.9%. European Union annual inflation was 4.9% in September 2023, down from 5.9% in August.
A year earlier, the rate was 10.9%, according to figures published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in the Netherlands (-0.3%), Denmark (0.6%) and Belgium (0.7%). The highest annual rates were recorded in Hungary (12.2%), Romania (9.2%) and Slovakia (9.0%). Compared with August, annual inflation fell in twenty-one Member States, remained stable in one and rose in five. In September, the highest contribution to the annual euro area inflation rate came from services (+2.05 percentage points, pp), followed by food, alcohol & tobacco (+1.78 pp), non-energy industrial goods (+1.06 pp) and energy (-0.55 pp). |
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