Energy Prices Surge as Inflation Beats Expectations Across Eurozone's Four Largest Economies - finance.biggo.com

Inflation data from Europe's four largest economies all came in above market expectations in September, with surging energy prices serving as the primary force driving prices higher. Markets had previously anticipated that the European Central Bank (ECB) would raise rates further at its October meeting, but the latest pricing shows traders have actually scaled back bets on another near-term hike, and analysts are divided. Germany's Federal Statistical Office, France's National Institute of Statistics and Economic Studies (INSEE), Italy's National Institute of Statistics (ISTAT), and Spain's National Statistics Institute (INE) have released preliminary September consumer price index readings in recent days.