Eurozone inflation kept climbing in September, fueled by soaring energy prices. The rate clocked in at 3.8% last month, a three-year high and above expectations. The figure is also up 0.6 percentage points from August, and core inflation stood at 2.5%, in line with expectations.
Energy led the increase, standing at 18.8%, compared with 14.3% in August. It was followed by "followed by services (3.2%, compared with 3.0% in August), food, alcohol & tobacco (1.4%, compared with 1.1% in August) and non-energy industrial goods (1.1%, compared with 1.2% in August)," Eurostat noted.
