Eurozone Cpi Reaches Double Digits For The First Time Since Wwii Standing At 10 Yoy
Among the areas most affected by this phenomenon is the eurozone area, where inflation is now measured in double digits for the first time since WWII. Year-on-year (YoY), the consumer price index (CPI) rose 10% in September compared to 9.7% seen in August. All items have increased, with alcohol and tobacco seeing an 11.8% increase, energy at 40.8%, non-industrial goods at 5.6%, and services at a 4.3% increase. Steady cutbacks While energy is one of the main culprits, rising 40....