Euro zone inflation rises to three-year high
Officials said energy inflation jumped to 20.8%, nearly half of the headline rate, and markets now expect another European Central Bank hike in December.
- 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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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.
Eurozone inflation has risen to four percent. Several economists expect another interest rate hike in December
Eurozone consumer price inflation accelerated to 4 percent year-on-year in October from 3.8 percent in September, the highest in three years, according to a flash estimate published by the European statistics office Eurostat on Wednesday.
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.
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