In September, inflation in the country stood at 3% year-on-year, significantly above the euro area average of 2.2% recorded, according to official data. This increase evidences a rising trend that has persisted during the last few months, marking a significant difference with respect to other community nations. This rise in prices has raised alarm bells among economic analysts, who point to specific internal factors that could be driving this faster rise compared with their European neighbors.
Among the causes fueling this inflationary pressure are the rise in energy costs and basic goods. Additionally, some productive sectors have faced logistical difficulties and increases in the prices of raw materials, which has affected consumers' wallets. Experts urge the Government to take measures to mitigate the impact on households and prevent inflation differentials from affecting the country's economic competitiveness in the context of the monetary union.
Read the full news article on The World.
