Eurozone inflation hits its highest level in three years at 3.8%
- Inflation across the 21 nations sharing the Euro currency jumped to 3.8% in September, exceeding the 3.6% forecast, driven primarily by soaring fuel and natural gas costs, Eurostat reported.
- Soaring energy prices driven by the ongoing Middle East conflict fueled the surge. This upward pressure keeps the European Central Bank under significant strain to address price instability.
- A closely watched 'Core' figure, which excludes volatile fuel and food prices, picked up to 2.5% from 2.4%, reflecting higher services prices. Eurostat data showed this underlying trend on Friday.
- The European Central Bank faces intensified pressure to raise interest rates as headline inflation sits well above its 2% target. Economists anticipate up to three additional hikes in the coming year.
- Persistent energy costs could trigger second-round effects, feeding into electricity and business expenses, Economists warn. Policymakers must navigate these mounting inflationary risks while managing broader economic stability.
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129 Articles
Inflation in the euro area rose to its highest level in three years last month, driven by the acceleration of energy prices, although a recent leap in government bond yields may leave the European Central Bank cautious about raising its basic interest rate for the third time since June. Exclusive to subscribers. To have full access, access the link of the subject and register.
Inflation in the euro area rose in September to a new summit for three years, due to the rise in energy prices, caused by the conflict in the Middle East, according to official data published on Friday. ...
Inflation in the euro area is growing significantly more than expected – and is thus under pressure from the European Central Bank (ECB). In September, consumer prices rose by 3.8 percent compared to the same month of the previous year. Thus, inflation reached the highest level in three years. Experts had expected only 3.6 percent.
Rising energy prices are pushing up inflation in the eurozone, reaching 3.8 percent in September.
Inflation in the eurozone rose sharply in September. Prices were on average 3.8 percent higher than a year earlier, statistics agency Eurostat reports based on an initial estimate. It is the highest inflation level since September 2023.
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