Eurozone inflation moved into double-digits for the first time on record in September as the single currency bloc struggles to meet energy needs amid an acute shortage, official data revealed on Friday.
Inflation advanced to 10.0 percent in September from 9.1 percent in August, Eurostat reported. The rate exceeded economists' forecast of 9.7 percent.
Excluding energy, food, alcohol and tobacco, core inflation advanced to 4.8 percent in September from 4.3 percent a month ago. The core rate was forecast to rise to 4.7 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.