Prices are currently rising sharply in Europe.
But is the increase only temporary due to the Corona crisis?
Kassel / Luxembourg - Inflation in the euro area continued to rise in August and reached its highest level in almost ten years.
The Eurostat statistics office announced on Tuesday (August 31, 2021) in Luxembourg.
In addition, consumer prices have risen by 3.0 percent compared to the previous year.
That is the highest value since the end of 2011.
According to the dpa, the rate in July was only 2.2 percent.
Experts had expected an increase to 2.7 percent on average.
With a 15.4 percent increase over the previous year, energy was particularly expensive in August.
Industrial goods were 2.7 percent more expensive, while food and luxury goods were 2.0 percent more expensive than a year ago.
Services were 1.1 percent more expensive.
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Inflation in Europe: Temporary effect from the Corona crisis?
Core inflation excluding energy and food also rose significantly.
It increased from 0.7 to 1.6 percent.
Core inflation is considered a more reliable measure of inflation because it tends to fluctuate less.
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Prices are currently rising sharply in Europe.
But is the increase only temporary due to the Corona crisis?
© Ralph Peters / imago
The European Central Bank (ECB) is aiming for inflation of two percent.
This rate is currently clearly exceeded.
However, the ECB does not want to take countermeasures because it regards the rise in inflation as temporary.
It refers to numerous special effects, most of which can be traced back to the Corona * crisis.
Heating and refueling will also be much more expensive in Germany in the future.
The reason for this is the CO2 surcharge.
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List of rubric lists: © Ralph Peters / imago
