This month's consumer price index for 19 countries in the euro area, such as Germany and France, rose 4.1% compared to the previous year due to soaring energy prices, the first significant increase in 13 years, watering the economic recovery. Some people are worried that it may be possible.
This month's CPI, released by the EU-European Union Statistics Bureau on the 29th, rose 4.1% compared to the same month of the previous year.
This is the highest growth rate in 13 years since July 2008.
In the background, soaring prices of crude oil and natural gas have caused prices of electricity and gasoline to rise, and shortages of raw materials and supplies due to disruptions in the global supply chain have also pushed up prices.
Consumer prices are above the central bank's policy target of 2%, even excluding energy and food products, which are subject to wide-ranging price fluctuations.
The Central Bank of Europe has reiterated that the rise in prices is temporary and will subside next year, but some are worried that if prices continue to rise, it could water the economic recovery.