Eurozone Inflation Hits 3.8% in September, Highest in Three Years

Eurozone inflation ticked up to 3.8% in September, the strongest rise since 2023.

1. Eurostat released the data on Friday, showing a jump from 3.2% in August.
2. The surge is driven mainly by higher energy costs, linked to tensions in the Strait of Hormuz that have pushed oil prices higher.
3. Unlike the 2022 spike that followed Russia’s invasion of Ukraine, this increase stems from supply‑chain disruptions in the Middle East.
4. Economists warn the new peak could keep price pressures on households and complicate the European Central Bank’s policy plans.

All eyes now turn to how policymakers will respond.