Inflation in the eurozone in September, according to preliminary data released by Eurostat, was 3.4 percent on an annual basis—up 0.4 percent from August. According to Bloomberg, this is the highest inflation rate in the EU since 2008.

Energy prices rose the most (17.4%, 15.4% in August) in September, followed by industrial goods (2.1%, 2.6% in August), then by food, alcohol and tobacco (2.1%, 2% in August), and services (1.7%, 1.1% in August), TASS reported.

Last month, the highest inflation rates in the eurozone were recorded in Estonia (6.4%), Lithuania (6.3%) and Slovakia (5.1%), whereas the lowest—in Malta (0.7%), Portugal (1.3%), and Greece and Finland (2.1% each).