ECB: decisive recovery.
Eurozone inflation estimates revised upwards
Italy restarts: GDP estimates + 6.1% in 2021, but beware of inflation and unemployment
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20 October 2021The acceleration of inflation in the euro area is confirmed to 3.4% on an annual basis in September, on the highest levels since 2008 according to the final data published today by Eurostat. In August, the cost of living had risen to 3% and a year earlier, in September 2021, it was negative with a minus 0.3%. According to the EU statistics agency, on the basis of seasonally adjusted data, prices rose by 0.5% in just one month.
Returning to the data on an annual basis, the energy item remains first of all to push on the general acceleration, with an increase of 17.6%, but also the core inflation, represented by the most volatile items, including the same energy continues to rise with an annual plus 1.9% in September from a plus 1.6% in August.
The upward trend in inflation is also confirmed for the EU area (in September the rate was 3.6% compared to 3% in August).
Among the EU countries, the lowest inflation rates are recorded by Malta (0.7%), Portugal (1.3%) and Greece.
At the top of the ranking Lithuania and Estonia (6.4%) and Poland (5.9%).
Italy has a slightly lower rate than the eurozone average, with 2.9%.