The inflation rate in the euro zone reached a new high in August

Xinhua News Agency, Brussels, August 31st (Reporter Kang Yi) Preliminary statistics released by the European Union Statistics on August 31 showed that due to the situation of Ukraine, the euro zone energy and food prices continued to soar. %, Exceeding market expectations, hitting a record high.

Data show that the energy prices of the euro zone in August rose by 38.3%year -on -year, which is the main cause of the inflation of the month. In addition, the prices of food and tobacco and alcohol rose 10.6%, the prices of non -energy industrial products rose 5.0%, and service prices rose 3.8%. In the month, the core inflation rate of excluding energy, food, and tobacco and alcohol was 4.3%.

The continuous rise of the core inflation rate in the euro zone highlights the spread of price pressure on a more extensive economic field. Economists predict that the inflation rate in the euro zone has not yet touched. With the rise of natural gas and electricity prices, the inflation rate in the euro area will rise further in the next few months, which may reach double digits.

From the perspective of the country, the inflation rate in the August of major EU economies in Germany was 8.8%, France was 6.5%, Italy was 9.0%, and Spain was 10.3%.

Since the beginning of this year, under the influence of many negative factors such as the Fed's radical interest rate hike effect and the spread of the European energy crisis, the inflation rate in the euro area has continued to rise. In order to curb the further deterioration of inflation, the European Central Bank raised interest rates for the first time in more than ten years in July, and raised the three major interest rates of the euro zone to 50 basis points.

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