30 September 2022
nflation in the euro area crossed into double-digit territory this month following a significant rise in consumer price growth in Germany, the currency area’s biggest economy. The preliminary reading from the EU statistics office showed Eurozone headline annual inflation spiking to a record 10.0%, a rise of nearly a full percentage point from August’s mark of 9.1%. the previous all-time high. Economists had forecast an increase to only 9.5%.