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Eurostat: Extreme volatility in personal transport fuel and lubricant prices 

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Over the last two decades, prices of fuel and lubricants for personal transport in the EU have been extremely volatile, with annual inflation rates ranging from -20% to +20%. This volatility has recently become very pronounced, with the annual rate of change climbing from a low of -20% in May 2020 to +23% in September 2021.

 

The most recent peak and valley of similar magnitude were recorded a decade ago, with the annual rate of change climbing from a low of -19% in July 2009 to a peak of +20% in March 2010. 

 

In September 2021, Luxembourg recorded the highest annual rate of change among the EU countries (+31%). It was closely followed by Romania (+29%) and Slovenia (+29%).  On the other hand, the lowest annual inflation rates were recorded in Ireland (+15%), Italy, Finland and Greece (all +18%).

 These data are released by Eurostat, the statistical office of the European Union.

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