Energy Costs Spark Inflation Surge Across Europe
Record diesel prices are feeding through to consumer costs, raising expectations of further European Central Bank rate increases.
6 Articles
6 Articles
Radio France Internationale
Energy costs spark inflation surge across Europe
The annual rate hit 3.3 percent in Germany, Europe's biggest economy, the fastest pace since December 2023, according to preliminary data from the statistics agency Destatis. In France consumer prices rose three percent in the month compared to a year earlier, the highest since February 2024 and a sharp increase from 2.4 percent in August, statistics office Insee said. In Italy inflation jumped to 4.2 percent, nearly a full percentage point abov…
The German inflation rate rose above 3 percent for the first time since the end of 2023. In France and Italy, too, inflation increased sharply.
Inflation in the major economies of the eurozone rose faster than expected in September, increasing pressure on the European Central Bank (ECB) for additional interest rate hikes. Banker.az reports, citing Bloomberg, that in September, annual inflation rose to 3.4% in France, 4.1% in Italy, and 5% in Spain. All three indicators were higher than analysts' forecasts. The main role in the price increase belongs to energy carriers. Energy prices in …
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