Chart: Inflation rates in the euro area since the inception of the euro in 1999

Inflation in the euro area is at its highest level since the launch of the euro in 1999.

Chitra Alliance

Inflation in the euro area rose sharply again in September. Eurozone inflation rose to 10.0 percent from 9.1 percent. This is the highest inflation rate since the introduction of the euro.

The common currency was introduced as book money in 1999 and cash in 2002. A promise was that the new currency would also stabilize. The European Central Bank is targeting an inflation rate of 2.0 percent.

There are currently 19 countries in the Eurozone: Belgium, Germany, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovakia, Slovenia, Spain and Cyprus.

This is how inflation has developed in the Eurozone since the inception of the European common currency.

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