Roman Haider· PfE

Overestimated

Inflation exploded to up to 15% Europe-wide.

Error detected

The claimed peak inflation rate of 15% is incorrect. The actual peak was approximately 10.6% in the euro area (October 2022).

Omissions

• The MEP did not specify the exact peak figure or month, but the claim of 'up to 15%' significantly overstates the actual peak inflation rate.
• The peak inflation rate in the euro area was 10.6% in October 2022, according to Eurostat.
• EU annual inflation for 2022 as a whole was 9.2%, the highest ever measured but well below 15%.

Sources

• PrimaryEurostat - Annual inflation down to 10.1% in the euro areaEuro area annual inflation was 10.1% in November 2022, down from 10.6% in October 2022
• PrimaryEurostat - Annual inflation more than tripled in the EU in 2022In 2022, EU annual inflation reached the highest level ever measured at 9.2%
• PrimaryEurostat - Annual inflation down to 9.2% in the euro areaThe euro area annual inflation rate was 9.2% in December 2022, down from 10.1% in November