Eurozone inflation rises to 3.8% in September - Sarmad
Eurostat data shows annual inflation in the eurozone rose to 3.8% in September, exceeding the European Central Bank's 2% target, driven by sharp increases in energy prices.
Translated by Qiyas from سرمد — Original source
Preliminary data released by the European Statistics Office (Eurostat) on Friday showed that the annual inflation rate in the eurozone rose to 3.8 percent in September, up from 3.2 percent in August.
The data indicated that energy prices recorded the highest annual increase in September at 18.8 percent, compared to 14.3 percent in August.
It noted that services rose by 3.2 percent, compared to 3 percent, while food, alcohol, and tobacco increased by 1.4 percent, compared to 1.1 percent. Non-energy industrial goods rose by 1.1 percent, down from 1.2 percent.
This sharp rise in the eurozone’s inflation rate, which covers 21 countries, significantly exceeds the European Central Bank’s target of 2 percent.
Core inflation, which excludes volatile energy and food prices, also rose to 2.5 percent in September, up from 2.4 percent in August.
Meanwhile, inflation in food and beverage prices increased to 1.4 percent in September, compared to 1.1 percent in August.
The eurozone’s inflation rate last exceeded 3.8 percent in September 2023, when it reached 4.3 percent.
