The inflation rate in the euro area reached a new high in July

Xinhua News Agency, Brussels, July 29 (Reporter Kang Yi) Preliminary statistics released by the EU Statistical Bureau on the 29th show that due to the situation of Ukraine, the euro zone energy and food prices have continued to soar. Beyond market expectations, a record high.

Data show that the energy prices of the euro zone in July increased by 39.7%year -on -year, which was the main cause of inflation that pushed the month; the prices of food and tobacco and alcohol rose by 9.8%; the prices of non -energy industrial products rose 4.5%; service prices rose 3.7%. In the month, the core inflation rate of excluding energy, food, and tobacco and alcohol was 4.0%.

From the perspective of the country, the inflation rate in the European Union in July was 8.5%, France was 6.8%, Italy was 8.4%, and Spain was 10.8%.

Analysts pointed out that although high energy prices are still the main cause of inflation, the significant rise in processing food and service prices indicates that inflation is becoming more and more extensive. Judging from the current situation, the inflation rate of the euro area has not yet been touched, which has caused the European Central Bank to face the pressure of raising interest rates again in September.

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 prevent inflation from further deteriorating, the European Central Bank started the first increase in interest rates in more than ten years on the 21st, and raised the three major interest rates of the euro zone to 50 basis points.

[Editor in charge: Gu Yan]

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