FOR the first time ever, the annual rate of inflation in the Eurozone, measured by the Consumer Price Index, has reached double digits: it exceeded 10 per cent in September 2022, up from 9.1 per cent in August. Energy and food prices of course drove this acceleration in inflation, increasing by 41 per cent and 13 per cent respectively, but they were not the only items witnessing an increase in the inflation rate. Even if we leave out energy and food, the inflation rate in all other commodities taken together increased from 5.5 per cent in August to 6.1 per cent in September.