Inflation increased by 2.2% in September in the euro zone, compared to the same month last year. The European Union went further, with an increase of 2.6%.
In both cases, the indicator is once again above the maximum limit defined by the ECB, according to Eurostat data. The announcement was made this Friday, October 17th.
In the euro zone, the Consumer Price Index (CPI) accelerated to an increase of 2.2% in September (above 2.0% in August). In the EU, the trend was the same, also with an acceleration of 0.2 percentage points (pp) compared to August, for a increase of around 2.6%.
The biggest contribution to the increase in the index came from the services sector (1.49 pp), followed by the food, alcoholic beverages and tobacco category (0.58 pp)
Portugal is below average
In the national economy, the price index was below the average for the single currency area. The data indicates an increase of around 1.9% in September, compared to the same month last year. Therefore, Portugal was the fifth country with the lowest annual inflation in the month under analysis, among the euro economies.
This means that, after three consecutive months with increases above 2%, Portugal once again recorded inflation below that mark. At issue is the maximum healthy limit, as stipulated by the ECB.
The post Euro Zone Registers 2.2% in September appeared first on Veritas News.
