Energy drives euro area inflation
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Euro zone inflation unexpectedly reached 3.8%, with energy prices driving the increase and adding to expectations of further European Central Bank interest-rate hikes.
Driven mainly by energy prices, the September print topped the consensus forecast of 3.6%, adding pressure on the ECB as economies deal with higher borrowing costs.
#economy #markets #inflation #europe
Driven mainly by energy prices, the September print topped the consensus forecast of 3.6%, adding pressure on the ECB as economies deal with higher borrowing costs.
#economy #markets #inflation #europe
Reposted by Matthias Schnetzer
Reposted by Matthias Schnetzer