Core inflation, which excludes volatile food and energy costs, rose to 2.5% from 2.4%, matching market expectations. This acceleration in the headline figure increases the likelihood that the European Central Bank will maintain a restrictive monetary policy to combat price pressures, even though the underlying inflation rate remains lower.
Wednesday, October 21, 2026
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Eurozone Inflation Hits 3 Year High of 3.8% on Energy Price Surge
Global Markets19 days ago
Political unrest in the Middle East pushed energy costs up last month, sparking a rise in the cost of living throughout the European currency zone. Eurostat reported that annual inflation reached a 3 year high of 3.8% in September, up from 3.2% in August and above the 3.7% analyst estimate. Prices for the month grew by 0.6%, exceeding the projection of 0.5%.
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