London
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Belfast
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Denver
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32 °C
29 °C
16 °C
2 °C
Euro-Area Inflation Reaches 4% as Energy Prices Jump
Euro-Area Inflation Reaches 4% as Energy Prices Jump
Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.
Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.
The acceleration keeps pressure on the European Central Bank to prevent the energy shock from spreading into wages and other prices. Stable core inflation offers some reassurance, but the scale of the energy increase leaves households and energy-intensive companies exposed.
L. Solowjow--BTZ
