The euro area annual inflation rate was 1.7% in September 2024, down from 2.2% in August. A year earlier, the rate was 4.3%. European Union annual inflation was 2.1% in September 2024, down from 2.4% in August. A year earlier, the rate was 4.9%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Ireland (0.0%), Lithuania (0.4%), Slovenia and Italy (both 0.7%). The highest annual rates were recorded in Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared with August 2024, annual inflation fell in twenty Member States, remained stable in two and rose in five.
In September 2024, the highest contribution to the annual euro area inflation rate came from services (+1.76 percentage points, pp), followed by food, alcohol & tobacco (+0.47 pp), non-energy industrial goods (+0.12 pp) and energy (-0.60 pp).
Willing-Departure115 on
Obligatory “suck it, Denmark”
marquess_rostrevor on
I’m feeling a bit deflated about it.
Storyboys on
Someone best tell the corporations.
theGalatian on
Anyone knows what are the items included for inflation basket for Ireland, or how is it calculated? Also for EU wide data would the same items be included in every country for like-for-like calculation?
PropelledPingu on
It doesn’t fucking feel like it
CheraDukatZakalwe on
This is not good. Inflation spurs economic growth and real wage increases. We had 0% inflation and deflation for a decade after the GFC – it didn’t go well for us.
Kharanet on
Which Ireland are they living in?
ItsTyrrellsAlt on
And if housing was included?
TheCunningFool on
This has the amusing impact of basically banning rent increases in RPZs for rent reviews covering the last 12 months, as rent reviews are capped at 2% or HICP (0.0%), whichever is lower.
redelastic on
So, still the second most expensive country in the EU and among the highest for food, rent, mortgage rates, healthcare, electricity, gas, transport, alcohol, internet, mobile, restaurants, hotels.
Internal_Sun_9632 on
People in this tread = Low inflation means deflation and I’m not happy because things are expensive.
GalwayBogger on
What does this mean in layman’s terms?
– last year: potatoes were 5x more than 2 years ago, my wages are still the same as 5 years ago, I couldn’t afford meat
– this year: potatoes are 5x more than 3 years ago, my wages are still the same as 5 years ago, I couldn’t afford meat and now I need a loan to pay for my rent since my savings are gone on potatoes and we have a housing crisis
oniume on
I’d love to see how they calculate it. Housing inflation is up around 10%, grocery inflation is 2 or 3%, what’s making it average down to 0?
14 Comments
https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-17102024-AP
The euro area annual inflation rate was 1.7% in September 2024, down from 2.2% in August. A year earlier, the rate was 4.3%. European Union annual inflation was 2.1% in September 2024, down from 2.4% in August. A year earlier, the rate was 4.9%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Ireland (0.0%), Lithuania (0.4%), Slovenia and Italy (both 0.7%). The highest annual rates were recorded in Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared with August 2024, annual inflation fell in twenty Member States, remained stable in two and rose in five.
In September 2024, the highest contribution to the annual euro area inflation rate came from services (+1.76 percentage points, pp), followed by food, alcohol & tobacco (+0.47 pp), non-energy industrial goods (+0.12 pp) and energy (-0.60 pp).
Obligatory “suck it, Denmark”
I’m feeling a bit deflated about it.
Someone best tell the corporations.
Anyone knows what are the items included for inflation basket for Ireland, or how is it calculated? Also for EU wide data would the same items be included in every country for like-for-like calculation?
It doesn’t fucking feel like it
This is not good. Inflation spurs economic growth and real wage increases. We had 0% inflation and deflation for a decade after the GFC – it didn’t go well for us.
Which Ireland are they living in?
And if housing was included?
This has the amusing impact of basically banning rent increases in RPZs for rent reviews covering the last 12 months, as rent reviews are capped at 2% or HICP (0.0%), whichever is lower.
So, still the second most expensive country in the EU and among the highest for food, rent, mortgage rates, healthcare, electricity, gas, transport, alcohol, internet, mobile, restaurants, hotels.
People in this tread = Low inflation means deflation and I’m not happy because things are expensive.
What does this mean in layman’s terms?
– last year: potatoes were 5x more than 2 years ago, my wages are still the same as 5 years ago, I couldn’t afford meat
– this year: potatoes are 5x more than 3 years ago, my wages are still the same as 5 years ago, I couldn’t afford meat and now I need a loan to pay for my rent since my savings are gone on potatoes and we have a housing crisis
I’d love to see how they calculate it. Housing inflation is up around 10%, grocery inflation is 2 or 3%, what’s making it average down to 0?