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πŸ‡ͺπŸ‡Ί Eurozone inflation jumps to 3.8%, and Italy is pulling away from the rest
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The week in view

πŸ‡ͺπŸ‡Ί Eurozone inflation jumps to 3.8%, and Italy is pulling away from the rest

Macro Soup Newsroom Macro Soup Newsroom October 2, 2026 3 min read
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Eurozone inflation accelerated to 3.8% in September from 3.2% in August. Italy jumped to 4.1% while Germany held at 3.3%, a gap the ECB has to answer at its October 29 meeting.

Line chart of euro-area inflation rate and core inflation from 2021 to 2026, with a dashed ECB 2% target line.
Euro area HICP hit a three-year high of 3.8% in September, beating forecasts as energy inflation jumped to 18.8% and keeping a third ECB hike in play for 29 October. Source
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The number that should worry the ECB this week is not the headline. It is the gap between Germany and Italy.

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Tags
  • tag United States United States
  • tag China China
  • tag Europe Europe
  • tag United Kingdom United Kingdom
  • tag Emerging Markets Emerging Markets
Socials
  • X
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