Inflation in the Eurozone reached 4% in October, its highest level in three years, driven by energy costs.
Inflation in the Eurozone rose to 4 percent in October, the highest since September 2023, with energy prices up 20.8 percent year-on-year.
- Annual inflation in the Eurozone rose to 4 percent in October.
- Energy prices increased by 20.8 percent compared to October of the previous year.
- The core inflation rate remained stable at 2.5 percent.
- Lithuania recorded the highest inflation rate of 6.1 percent among euro zone economies.
- Carsten Brzeski of ING agreed the inflation rise moves the ECB closer to a rate hike in December.
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