According to the latest CPI data released by the Spain Statistics, Spain’s inflation rate of Spain is 6.1%, and the inflation rate in December 2021 is 6.5%, reaching the highest value in 3 years, and the inflation rate in January has slowed. However, the three-month inflation level exceeded 6%, reached a level of 30 years. According to INE, January inflation slowdown mainly because the price of electricity prices in January fell slightly, and the electricity price slowed down.
Although the electricity price is slowed down, but in January 2021, the price of Spain reached 46.4%, which is the largest growth amplitude; after the fuel price increased by 44.6% from the year-on-year price, January increased in December Reached 11.3%. In addition, food and non-alcoholic beverages have increased significantly in the past three months, from 1.7% of the annual CPI (resident consumption price index) last year to 4.8% last month: all kinds of food prices have Growth, olive oil (30.1%), pasta (20%), flour (10.6%), canned fruit (9%) and fresh fruit (8.9%), rice (8%), poultry (6.9%) Milk (6.6%), eggs (6.6%) and tea (6.6%).
According to ISTAT’s data, Italy’s overall inflation increased by 4.8% year-on-year in January, which has been the highest level since 1996. Similar to Spain, Italy’s energy prices have increased significantly: In the case of controlled control, the growth rate reached 38.6%. Food prices also rose 3.8% year-on-year, the price of the hotel and restaurant field increased by 4.1% year-on-year.
The Italian Energy Bureau Arera announced data, in the case of government intervention, home electricity bills in the first quarter of 2022 increased by 131% from the same period last year, raised from 20.06 Euros / kWh to 46.03 Euro score / kWh; household natural gas price increased by 94% From 70.66 Euros / per cubic meter to 137.32 Eurome / per cubic meter.
Italy fuel prices are also high, according to the data released by the Ministry of Economics, the price of gasoline in Italy has risen to 1.835 Euro / liter, and diesel prices rose to 1.708 euros / lift, for 10 years.
Recently, the French National Statistics and Economics Institute (INSEE) revised forecasts for inflation index and the country’s economic growth (GDP). In January 2022, France’s inflation was 2.9% (temporary data), and the inflation rate of the next five months is expected to be between 3.2% and 3.4%. In 2021, the production cost of various industries in France has risen. In December 2021, the annual growth of French industrial production costs reached 16.9%, and agricultural production costs increased by 17.6%, and the rise of these costs will eventually pass on consumers. : In 2021, food prices rose by 1.4%, and energy prices rose by 18.5%.
Despite this, INSEE believes that the French economy is more energetic than its neighbor (Germany, Spain, Italy), France will reach 0.3% in the first quarter of 2022, reaching 0.6 during the period from April to June 2022. %.
According to data from the German Federal Bureau of Statistics, Germany’s inflation level in January 2022 was 4.9%; December 2021 was 5.3%, and it has reached the highest level in the past 30 years in December last year. The inflation rate in January declined slightly. . From January 2002 to January 2022, the price of commodity prices rose by 7.2%, especially the price of energy products, reaching 20.5%; car fuel prices rose 24.8% year-on-year, household energy prices rose by 18.3% year-on-year.
Compared with the same period last year, in January 2022 rose 5.0%, German consumers must pay more for fresh vegetables (+ 8.3%) and dairy and butter (+ 6.3%) pay more costs. In addition, non-durable consumer goods prices rose by 9.6%.
At present, analysts believe that inflation will begin to alleviate in the second half of the year, but many people think that inflation will continue. At present, the European Commission’s macroeconomic prediction in winter is raised in 2022, but still insists that inflation will be temporary.
Whether inflation will continue to be critical to the entire European economy, if the workers and employers believe that prices will have a long-term reality, they may have prices – wage screw up: due to the increase in wages caused by prices, as labor salary More products and services are needed, which in turn leads to growth in prices. At present, economists believe that Europe will not have a spiral rise in Europe, and the current salary has increased below prices.
Post time: Feb-21-2022