Business · Economy · 2 hrs ago
Eurozone inflation rises to 4% in October
Eurostat figures show inflation in the eurozone reached 4% in October, up from 3.8% in September.
This was the region’s highest rate in three years.
Energy prices rose 20.8% from a year earlier, making them the main driver of the increase.
Prices for services, food, alcohol and tobacco, and non-energy industrial goods also rose faster than in September.
Inflation varied across countries, with reported October rates ranging from 2.3% in Malta to 6.1% in Lithuania.
The rise strengthens the case for further European Central Bank rate increases, but the figures do not say whether the bank will act next.
Eurozone inflation rose to 4.0% in October, its highest level since September 2023.
The rate was up from 3.8% in September, driven mainly by a sharp rise in energy prices.
The October figure was well above the European Central Bank’s 2% target and matched economists’ forecast.
Analysts said the data could prompt the ECB to raise interest rates again in December.
Core inflation was reported at 2.5% by the English-language articles and 2.2% by Expansión.
- Who
- Eurostat reported the inflation data for the 21-country euro area.
- What
- Inflation rose to 4.0% in October, a three-year high.
- When
- October 2026; the data was reported on November 4.
- Where
- The euro area.
- Why
- Rising energy costs, which the articles linked to the Middle East war, drove the increase.
This story does not have two clearly opposing sides.
Eurozone inflation stood at 3.8%, while energy price increases were 18.9%.
Eurozone inflation rose to 4.0%, and energy price increases reached 20.8%.
Eurostat reported the October inflation figure.
The ECB may raise interest rates again, according to analysts cited in the articles.
- Eurozone inflation in October
- 4.0%
- Eurozone inflation in September
- 3.8%
- ECB inflation target
- 2%
- Energy price increases in October
- 20.8%, up from 18.9% in September
- Last month inflation exceeded 4%
- September 2023, when it reached 4.3%
14 sources
Eurozone inflation hits three-year high at 4 pct in October
La inflación acelera en la zona euro con la economía en frenada
L'inflazione è salita al 4% nell'Eurozona a ottobre. In Italia +5,6%. Energia +20,8%
Eurozone inflation climbs to 4% in October on spike in energy costs
La inflación de la zona euro repunta al 4% en octubre por el encarecimiento de la energía
October inflation in the Eurozone keeps ECB on course for another tightening
تضخم منطقة اليورو يرتفع إلى أعلى مستوى في 3 سنوات ويعزز رهانات رفع الفائدة
Inflation im Euroraum steigt auf 4,0 Prozent
Hohe Energiepreise: Inflation im Euroraum steigt auf vier Prozent
Euro Bölgesi enflasyonu üç yılın zirvesinde
La inflación de la eurozona sube al 4% en octubre y alcanza máximos desde 2023
Inflatie eurozone stijgt verder naar 4 procent, hoogst sinds september 2023
Euro-Zone Inflation Accelerates to Double the ECB’s Target
What people are saying
Concerns about the high level of inflation look set to prompt the ECB to raise interest rates again in December, but we suspect that will be the end of the tightening cycle
we suspect that the impact of higher energy costs will feed through to food and core inflation more noticeably in the coming months