Eurozone inflation reaches 3.8% in September
Inflation in the Eurozone rose to 3.8% in September, with a noticeable increase in fuel and natural gas prices, which is intensifying pressures on the European Central Bank to raise interest rates again. Meanwhile, the core inflation index increased to 2.5%, reflecting rising service costs, but it still does not indicate any indirect effects of higher energy prices on core inflation, providing the central bank with some flexibility in its monetary policy. Markets are largely expecting interest rate hikes of up to three times over the next year, though there remains a high degree of uncertainty, with focuses on financial market stability and the potential decline in inflation in the future.
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