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Price pressures across the eurozone picked up pace in September, reaching their highest level since April, but the rise is unlikely to alter the European Central Bank's (ECB's) wait-and-see approach.
Annual inflation in the eurozone rose to 2.2% in September, up from 2.0% in August, according to Eurostat’s flash estimate. The reading was in line with economist expectations. On a month-on-month basis, prices edged up 0.1%, mirroring August's figure.
Core inflation, which excludes volatile fo
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