Euro zone inflation rises to three-year high
Core inflation held at 2.5% as energy costs drove the euro zone’s annual rate to 4.0%, the highest since September 2023, Eurostat said.
- 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.
115 Articles
115 Articles
Eurozone inflation rose to 4% in October, the highest level in more than three years, as high energy bills continued to push up the cost of living across the bloc. A preliminary estimate from Eurostat showed that annual inflation rose from 3.8% in September, exactly in line with the 4% rate economists had forecast. In October alone, prices rose by 0.4% compared with the previous month. This is the highest level since September 2023, when inflati…
None of the 21 euro area countries succeeds in placing inflation at the ECB’s 2% target. Spain moderates its rate by a tenth, to 4.9%, but is ranked as the second largest euro economy with the highest prices
The increase in prices in the 21 countries sharing the single European currency accelerated to 4%, compared with 3.8% in September, according to Eurostat’s first estimate. This is an unprecedented level since September 2023, with the conflict between Russia and Ukraine as a backdrop since February 2022, which triggered an unprecedented rise in prices in the euro area. This acceleration in October, linked to the sharp rise in oil prices, is in li…
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.
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