A current analysis shows a new record value of 9.1 percent since the beginning of the Eurostat records. Accordingly, consumer prices have risen more than ever before.

Inflation in the euro zone hit a new record high of 9.1 percent in August. The main reason was again the massive increase in energy costs, as the EU statistical office Eurostat announced on Wednesday based on a quick estimate. The previous inflation record in the euro zone was only set in July at 8.9 percent year-on-year.

This means that consumer prices have risen more sharply in recent months than at any time since Eurostat began recording more than 20 years ago. Since November, inflation in the 19 countries that use the euro as their currency has been climbing to record highs.

According to Eurostat, energy prices rose by an estimated 38.3 percent in August. Food, alcohol and tobacco prices rose 10.6 percent.

For Germany, the EU statistical authority expects consumer prices to rise by 8.8 percent in August compared to the same month last year. The Federal Statistical Office in Wiesbaden estimated inflation in Germany at 7.9 percent on Tuesday based on initial calculations.