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.
157 Articles
157 Articles
In September, inflation in the eurozone was 3.8 percent. It has been three years since similar figures were seen.
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Euro Zone Inflation Accelerates to 3.8% as Energy Costs Increase Pressure on ECB
Inflation across the 21-country euro zone accelerated to 3.8% in September, exceeding expectations as fuel and natural gas prices climbed. The increase is adding pressure ... The post Euro Zone Inflation Accelerates to 3.8% as Energy Costs Increase Pressure on ECB first appeared on [your]NEWS.
Inflation in Greece is on fire – At 3.8% in the eurozone – The energy index increased by 14.1% The post Inflation in Greece soared to 5.1% in September appeared first on in.gr.
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.
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