Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Inflation Soars to 10% in Europe – Euro Zone Inflation Doubles in First 9 Months of 2022… And It Will Likely Get Worse

by October 1, 2022
October 1, 2022
Inflation Soars to 10% in Europe – Euro Zone Inflation Doubles in First 9 Months of 2022… And It Will Likely Get Worse

CNBC Image

Inflation in the US under Joe Biden reached its highest level in 40 years. In response Joe Biden and Democrats decided to spend several trillion more.

In Europe, the situation is worse. The globalist elites in the EU are destroying their economies in their quest to teach Vladimir Putin a lesson.

Inflation hit a new record high in September of 10%, up from 9.1% in August. That is nearly a one full percentage point. Obviously, it will not be coming down any time soon.

This may spell doom for working Europeans. And it’s going to be a very cold winter this year in Europe.

CNBC reported:

Euro zone inflation hit a new record high of 10% in September, Eurostat data showed on Friday, up from 9.1% in August and above consensus projections of 9.7%.

The reading also showed price increases broadening out from volatile food and energy prices into nearly all segments of the 19-member bloc’s economy.

Energy prices rose 40.8% year-on-year, up from 38.6% in August, followed by food, alcohol and tobacco at 11.8%, up from 10.6% last month.

However, core inflation, which excludes food and energy, climbed 4.8% on the year, up from 4.3% in August, and economists broadly expect the situation to get worse before it gets better.

Friday’s print will exert more pressure on the European Central Bank to hike interest rates aggressively at its October meeting, and increases the likelihood of a longer and deeper recession across the euro zone.

The post Inflation Soars to 10% in Europe – Euro Zone Inflation Doubles in First 9 Months of 2022… And It Will Likely Get Worse appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Arizona Has A SOROS-BACKED Democrat Running For District Attorney In Maricopa County
next post
More Cowbell in Ukraine

You may also like

First-term House Dem attacks White House spox Karoline...

January 30, 2025

Trump-Harris race neck and neck nationally in new...

September 10, 2024

Appeals court will not block partial release of...

January 10, 2025

Russian official says Moscow has ‘no intention’ of...

June 25, 2025

FTX’s “SBF” Tells All Sorts of Stories About...

December 1, 2022

Trump campaign mocks DeSantis argument that Haley, other...

November 8, 2023

Jeff Bezos to Give Away Most of his...

November 14, 2022

Biden admin to meet with Saudi defense minister...

October 30, 2023

White House says it didn’t create a banned...

March 19, 2025

North Dakota urges residents to return Medicaid renewal...

June 7, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump touts administration’s progress on peace deals, says world leaders ‘respect our country again’

      June 27, 2025
    • Venezuelan opposition member details harrowing 400-day captivity at UN

      June 27, 2025
    • Anxious Republicans turn to Trump amid divisions over ‘big, beautiful bill’

      June 27, 2025
    • JD Vance poised to clinch victory for Trump’s landmark bill as GOP finalizes strategy

      June 27, 2025
    • Trump secures record-shattering $1.4B for political war chest, will be ‘dominant force’ for GOP in midterms

      June 27, 2025
    • Fibonacci Retracements: The Key to Identifying True Breakouts

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,841)
    • Stocks (3,175)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved