Energy supplied 45% of euro-area inflation of 3.8% in September, and the August goods balance swung to a €16.1bn deficit. Core at 2.5% and services at 3.2% will decide whether the European Central Bank hikes again on 29 October.
Eurostat confirmed euro-area inflation at a three-year high, with energy contributing nearly half the 3.8% rate ahead of the ECB's October 29 meeting. Source
Euro-area inflation came in at 3.8% in September, Eurostat confirmed on Friday, up from 3.2% in August and 2.2% a year earlier. That matches the 2 October flash. Energy rose 18.9% on the year and supplied 1.71 of the 3.8 points, about 45% of the headline. The week's trade data show the other half of the story: the euro area is importing the price rise as well as suffering it.
