Euro zone inflation rises to three-year high
- Eurostat reported that inflation in the 21 nations sharing the Euro rose to 4.0% in October, hitting a three-year high driven by expensive energy costs.
- The war in Iran has pushed energy costs higher, fueling inflation as the bloc imports the vast majority of its energy, causing indirect effects that will linger.
- Food inflation accelerated to 4.6%, while Services inflation reached 3.3% and industrial goods rose to 1.2%; a more closely watched 'core' figure held steady at 2.5%.
- The European Central Bank left rates unchanged last week, yet influential German and Italian policymakers signaled another rate move is now likely in December.
- Financial markets now anticipate two to three rate hikes to the ECB's 2.5% deposit rate over the coming year as inflation remains above the 2% target.
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88 Articles
Inflation in the Eurozone Rose to Four Percent in October, Energy Prices Jumped by Almost 21 Percent
According to the preliminary assessment of the European Statistical Office (Eurostat), the annual inflation rate in the Eurozone is expected to be four percent in October 2026, which is an increase compared to the 3.8 percent recorded in September.
The inflation rate in the eurozone rose to 4.0 percent in October. This is the highest inflation rate since September 2023. Especially the high energy prices are the drivers of the current development.
Observador
The euro area's homologous inflation rose by 2 percentage points compared to September. Energy prices rose most annually: 20.8%, compared to 18.9% in September.
Energy recorded the highest year-on-year rate in October, with 20.8% price increases, due to the Iran war.Europe accelerates to elect Lagarde's successor to the ECB and advances to this Friday the presentation of candidates.Energy prices do not stop.Inflation in the euro area skyrocketed by 4% in October 2026, compared to 3.8% recorded in September, according to information published this Wednesday by Eurostat, the statistical office of the Euro…
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