Eurozone Consumer Prices Rise 3.8% in September, a Three-Year High
4▲0 ▼0Impact / 5
The flash estimate of the eurozone consumer price index for September, released by the European Union's statistics agency on the 2nd, showed a 3.8% rise year on year, accelerating from a 3.2% gain the previous month and marking a three-year high not seen since September 2023. It also exceeded the 3.6% rise expected by the market, according to a Reuters poll. Against the backdrop of the situation in the Middle East, the rate of increase in energy prices widened further, while services prices also accelerated. By category, energy rose 18.8%, sharply widening its gain from 14.3% the previous month. Food, alcohol and tobacco rose 1.4%, non-energy industrial goods rose 1.1%, and services rose 3.2%. The core index, which excludes volatile energy and food, rose 2.5%. Among major countries, Germany came in at 3.3%, France at 3.4%, Italy at 4.1% and Spain at 5.0%, with all posting wider increases.