Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt
According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown .” European Union’s Consumer Price Index Taps a 40-Year High, EU Residents Take to the Streets to Protest Scorching Inflation Europe’s inflation has jumped a great deal since September 2021, according to the recent report published by Eurostat on Wednesday morning. “The euro area annual inflation rate was 9.9% in September 2022, up from 9.1% in August,” Eurostat’s September consumer price index (CPI) update notes. “A year earlier, the rate was 3.4%. European Union annual inflation was 10.9% in September 2022, up from 10.1% in August. A year earlier, the rate was 3.6%,” the government agency’s report details . Chart from Eurostat’s September consumer price index (CPI) update published on Octob...