President of the European Central Bank Christine Lagarde sits in a plenary session on sovereign debt as world leaders in finance join with Treasury Secretary Scott Bessent for the 2026 G20 Financial meetings on September 1, 2026 in Asheville, North Carolina. Melissa Sue Gerrits/Getty Images The rate climbed to 3.8 per cent in September, almost double the European Central Bank's target, with the war between the United States and Iran still driving up fuel bills. Eurozone inflation has climbed to 3.8 per cent in September, its highest reading in three years, according to a flash estimate published by Eurostat on October 2. The rate was up from 3.2 per cent in August, almost double the European Central Bank’s 2 per cent target. Prices rose 0.
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