Eurostat data: inflation set another record in the history of the eurozone

The European Union beats another anti-record for inflation growth, which has already amounted to 9,1% in annual terms. These data are provided by the statistical service Eurostat. It has not been this high since the introduction of the euro in 1999. Thus, inflation in the euro area shows a new record for the entire history this same eurozone.

This deplorable situation is connected with the same energy crisis that befell Europe after the introduction of anti-Russian sanctions.

According to Eurostat, the cost of energy has increased by almost 40% over the past year. At the same time, the publication notes that the numbers vary greatly among EU countries. The greatest growth of inflation occurs in the Baltic countries, where it has already exceeded 20%. France has the best indicator - 6,6%. Compared to July, in August prices in the euro area rose by an average of 0,6%. The maximum inflation rate in the eurozone is in Estonia. In this country, it has reached 25,2% and is not going to stop.

The EU Central Bank has set a goal to reduce inflation to 2%. However, it is not yet clear how this will be done, since the main reason - rising fuel prices - remains unresolved.

To solve this problem, in early September, the European Central Bank even went to increase the key interest rate by 0,75%, which also has not happened since 1999, when the euro was introduced.

Inflation of 9-10% in the Eurozone is quite comparable to inflation in Russia. At the moment, inflation in the Russian Federation is 13,9%, the forecast of the Central Bank of the Russian Federation by the end of the year is 11%.

Comments

[Ismail_mshl]

There is inflation all over the world right now. In Europe, it is still small. And they will often not go out into the streets, because television has already shifted all the blame on Russia.

[Sarmat Sanych]

Ismail_mshl, wake up, Europeans are already taking to the streets in tens of thousands, and not particularly peacefully, in Britain (there, for a month in the summer, all industries were paralyzed), the Czech Republic, France, Germany, Poland and the list goes on. And yes, Russia has already had deflation for the 10th week, we haven’t had anything like this for 31 years (and if you take into account the hidden perestroika hyperinflation, then 35 years), even according to the Russophobic World Bank, Russia is the only country on the planet (if you don’t take a couple of closed economies) where the national bank rate is reduced for a full day in a row and deflation generally exists as a phenomenon (at least for a month no one is observed, even in China).
The new phase of the NMD is economic, the ARW in the coming months will destroy the military potential of Europe, and even more so the military potential of the Armed Forces of Ukraine, without spending any effort:
https://youtu.be/crCU9EyDhA8
Printing money, by the way, will not help either, Western countries have huge debts, and by printing additional money they spin up additional inflation, which forces Western central banks to raise interest rates again and again, which leads to an additional increase in the already huge costs of servicing public debt [plus stopping the industry ], which is measured by the collective West in tens of trillions of $/€. In simple terms, the higher your credit or mortgage rate, the higher your monthly payment, which is why they are now limited in the capabilities of the printing press. The ECB rate has increased by 5 times in a few months, the Fed rate by 4 times. Their next steps are to cut all spending in order to somehow keep the economy from collapsing. They are already cutting spending on a lot, the next logical step is to stop subsidizing various backbiters in the form of subsidies or military support, because they themselves lack, including weapons, millions of internal riots looming. This conflict brings enormous losses to Europe and Britain, so "Ukraine" will soon find itself without supplies at all and the Armed Forces of Ukraine will turn into a Syrian version of disparate militants in old pickup trucks with old weapons, they will be killed quietly and quickly.

[dmi.pris1]

The most stubborn-stubborn inflation indicators

[dauria]

someone explain .. They all have the euro currency. Some have 6%, others 25%.
How is it that in one country the goods become more expensive, and in another - no in the absence of customs and borders?

[Volodin]

Quote: dauria

someone explain .. They all have the euro currency. Some have 6%, others 25%.
How is it that in one country the goods become more expensive, and in another - no in the absence of customs and borders?

An example is our regions. In one, for example, 95th gasoline costs an average of 50 rubles, in the other 57. In one sugar - 50, in the other - 80. In some, products have risen in price by 15%, in the other by all 25. There are a lot of factors - logistics, the presence of their own industry, the purchasing power of the population, the level of income, the work of banks in issuing loans, etc., etc.

[dmi.pris1]

And also a factor of elementary greed. An example is the Krasnodar Territory, gasoline is four rubles more expensive than in Ulyanovsk. In any season and with local refineries in Krasnodar, Ilskaya ...

[Bad_gr]

Quote: Volodin

Let's take our regions as an example.

It depends on which region of our country is considered ours. At one time, at one of the railway stations in Moscow, they charged me a customs fee for 4 boxes of diet (I bought it in the city, and paid for the wholesale to the police, at the station). They said that the 2 packs of tea are wholesale, and for the export of goods from Moscow, I am obliged to pay them extra. That is, Kutuzov's phrase that "Moscow is not Russia" is also quite applicable here.
PS
At first I thought it was a scam, I wrote a letter of complaint, but judging by the response, the police acted within the law.

[your vsr 66-67]

Originally from the Krasnodar Territory. And here's what I'll say. The most grabbers and grabbers are in the Kuban. Maybe that's why I don't live there! In the distant 70s, my wife and son went to visit my parents. We went in May, from Ekibastuz. On the way, they collected food, including fresh cucumbers at 1-40 per kg. We arrived, went with my son-in-law to the market. We bought this and that, I see they sell fresh cucumbers and tomatoes. Son-in-law, let's buy a salad. He told me, if there is a lot of money, buy it! Come on, I have eyes on my forehead! Cucumbers - 9 rubles/kg, tomatoes - 10 rubles/kg!!! My parents died a long time ago, but I still live in Siberia! And the people here are much better than in the Kuban! I correspond constantly with a classmate. And now everything is the same! Fruit in Siberia is cheaper than in the Kuban!

[DymOk_v_dYmke]

Quote: Volodin

An example is our regions. In one, for example, 95th gasoline costs an average of 50 rubles, in the other 57. In one sugar - 50, in the other - 80. In some, products have risen in price by 15%, in the other by all 25. There are a lot of factors - logistics, the presence of their own industry, the purchasing power of the population, the level of income, the work of banks in issuing loans, etc., etc.

All this can be summed up in two words: feudal fragmentation.

[vitvit123]

In our rural hinterland, in villages that are far from cities, where there are few people left, the prices in tents for food are decently more expensive than in regional centers ...

[DymOk_v_dYmke]

Quote: vitvit123

In our rural hinterland, in villages that are far from cities, where there are few people left, the prices in tents for food are decently more expensive than in regional centers ...

Without state participation / coercion in price equalization, it will be so.

HSE (damn it!) rules.

[vitvit123]

There the question was about pricing in Europe, I gave an example, in my opinion similar .. our prices are not much another topic ..

[Lena Petrova]

Somehow, under the Union there were price zones. Any product still needs to be delivered to the place.

[DymOk_v_dYmke]

Quote: Lena Petrova

Somehow, under the Union there were price zones. Any product still needs to be delivered to the place.

Price (and tariff) belts were just a manifestation of state policy in the development of regions in the interests of the entire unified country.
The pocket-filling reflexes of regional and sectoral "elites" are not able to replace this.
The capitalist enema of Russia is harmful.

[Cat Alexandrovich]

Prices cannot be higher or lower!

[vitvit123]

Not everything is so clear..
This expression was used by people much smarter and more titled than me, and they were understood! Do you really not understand what I mean or are you pretending? ...

[Cat Alexandrovich]

Yes, unfortunately, many even famous people are illiterate.

[vitvit123]

Well, you will be rich ..
You did not answer my question, do you really not understand what I mean, or are you pretending?
And now the second one: do you really know everything in order to get rich in little things?

[tihonmarine]

Quote: dauria

How is it that in one country the goods become more expensive, and in another - no in the absence of customs and borders?

Well, something like that, and that was before the energy crisis. For example, alcoholic drinks in Latvia were 20% lower than in Tallinn, people "dumped into vodka", someone alone went to Ainazi or Valka and bought for everyone. Latvia had a good profit.

[Blacksmith 55]

dauria,
As an example , in France the President has limited the cost of electricity , so it can not go up above the established level .
Other countries may not have done this. Therefore, inflation in all countries is different.

[Ural_engineer]

explain something .. They all have the euro currency. Some have 6%, others 25%. recourse
How is it that in one country the goods become more expensive, and in another - no in the absence of customs and borders?

some are more European, and some are less. segregation is like apartheid. already went through all this. it's just that for some reason the Estonians think that the British consider them people.

[paul3390]

And what did they think - if you uncontrollably print trillions of candy wrappers and at the same time bark with the main supplier of cheap resources, what should prosperity and prosperity come about ??

[Uprun]

Is there any reason to rejoice that our inflation is less than that of the Tribalts?

[Cheerock]

According to Eurostat, the cost of energy has increased by almost 40% over the past year.

If a megawatt in January last year in Germany cost 25 euros, and now for the fourth quarter of the transaction were at the level of 566 euros per megawatt, then this is not 40%.

[rocket757]

Eurostat data: inflation set another record in the history of the eurozone

Well, so what? Geyropeytsy jump together no worse than skakuas, you look and put pots on their heads.
The question is simple but important ... but how are we, and how are we?

[u-345]

It hasn't been winter yet. Then we'll see.