Eurostat: Extreme volatility in personal transport fuel and lubricant prices
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.