Highest inflation in Estonia
Although it is still true that Estonia has the highest annual inflation, some of the old Member States of the European Union are already heading to the top of the imaginary ranking of countries according to the rate of inflation. This is especially true in the Netherlands, which faces inflation of 16.8 percent, the fifth highest inflation rate of the twenty-seven.
Hungary in third place
There was also a change in third place, where Latvia was replaced by Hungary with a nearly 22 percent annual inflation rate. France still boasts the lowest inflation, with prices rising by just 7.4 percent year-on-year in October. The second slowest price growth was recorded in Spain (7.3) and Malta (7.4).
It is still true that energy contributes the most to inflation, which was 41.5 percent more expensive year-on-year in October. In month-on-month terms, energy prices increased by 6.2 percent. However, accelerated price growth is also recorded by food, which is more expensive by 15.5 percent year-on-year and by 2.7 percent month-on-month.
