---
title: "European Union: Highest ever monthly inflation rate in euro zone/food, alcohol, and tobacco prices up by 13.1%"
date: 2022-11-15
intro_image: "https://www.federvini.it/images/k2/bb3400cb71c94c5c998d9d6fcc896dd9.jpg"
fulltext_image: "https://www.federvini.it/images/k2/bb3400cb71c94c5c998d9d6fcc896dd9.jpg"
categories:
  - name: "News"
    url: "https://www.federvini.it/news.md"
tags:
  - name: "unione europea"
    url: "https://www.federvini.it/tags/unione-europea.md"
  - name: "inflazione"
    url: "https://www.federvini.it/tags/inflazione.md"
  - name: "alcohol"
    url: "https://www.federvini.it/tags/alcohol.md"
---

# European Union: Highest ever monthly inflation rate in euro zone/food, alcohol, and tobacco prices up by 13.1%

![European Union: Highest ever monthly inflation rate in euro zone/food, alcohol, and tobacco prices up by 13.1%](https://www.federvini.it/images/k2/bb3400cb71c94c5c998d9d6fcc896dd9.jpg)

Europe’s statistics office [reportedly found that inflation](https://urlsand.esvalabs.com/?u=https%3A%2F%2Fwww.fivs.org%3Fmailpoet_router%26endpoint%3Dtrack%26action%3Dclick%26data%3DWzExMiwiY2U5N2M4IiwiNjY4IiwiMmRjMTlmNDZhNTNjIixmYWxzZV0&e=dec93f8f&h=10bc4e7b&f=n&p=y) reached an annual 10.7% during October 2022, the highest ever monthly reading since the formation of the euro zone.

 Energy costs rose from 40.7% in September to 41.9% in October, and food, alcohol, and tobacco prices ­­­rose from 11.8% in September to 13.1% in October.

 European Central Bank President Christine Lagarde said the likelihood of a recession in the euro zone had intensified.

  

  
