Accra:The annual inflation rate in the euro area increased to 3.8% in September 2026, up from 3.2% in August. This marks a significant rise from the 2.2% rate recorded in the same period last year. Similarly, the European Union's annual inflation rate also rose to 3.8% in September 2026 from 3.2% in August, compared to 2.6% a year earlier.

According to Emirates News Agency, the data was released by Eurostat, the statistical office of the European Union. The figures highlight regional variations, with Sweden registering the lowest annual inflation rate at 1.0%, followed by Hungary and Denmark, both at 2.1%. Conversely, Romania experienced the highest inflation rate at 6.5%, with Lithuania and Bulgaria following at 6.1% and 5.6%, respectively.

The report also noted changes in inflation rates from August to September 2026, with a decrease in one Member State, stability in three, and an increase in twenty-three. The rise in the euro area's annual inflation rate was driven by contributions from energy, services, non-energy industrial goods, and food, alcohol, and tobacco, which added 1.71, 1.52, 0.29, and 0.25 percentage points, respectively.