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.
109 Articles
109 Articles
Inflation is accelerating again in the eurozone. The year-on-year rate of prices was 3.8% in September, six tenths more than in August, according to the preliminary estimate published by Eurostat this Friday. But the European data is clearly exceeded by Spain. Spanish harmonised inflation reached 5% in September, which is ... Continue reading "Inflation in the eurozone scales to 3.8%, but Spain is again clearly above 5%"
Energy prices rise by 18.8% and lead to euro area inflation at its highest level in three years.The price trend opens the door to further interest rate hikes by the European Central BankThe perfect storm that is triggering energy prices in Europe: "These are worrying times" Price increases were expected, but not so high.Inflation in the euro area skyrocketed by 3.8% in September, compared with 3.2% in August. This increase is higher than predict…
Brussels, 2 Oct (EFE).- The annual inflation rate in the eurozone increased six tenths in September, to 3.8%, its highest level since September 2023, according to the advance data published this Friday by the Community statistical office Eurostat. The increase was mainly due to the rise in prices of [...] The entry Inflation in the eurozone rose six tenths in September, to 3.8% was first published in HolaNews.
Among the big economic powers, Spain has the highest rate, more than one point above the average. More information: Prices skyrocket almost 5% in September in Spain and reach their highest level since the beginning of 2023.
Coverage Details
Bias Distribution
- 36% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
