Eurozone inflation jumped to a three year high of 3.8% y/y in September, up 0.6pp from the 3.2% reading in August. This was a bigger rise than both we (3.6%) and consensus (3.7%) had expected. Energy was by far the biggest contributor, jumping to 18.8% y/y from 14.3% in August. We do not yet have the full details but the rise in energy was likely driven largely by petrol and diesel prices, as well as the more gradual pass-through of higher gas and electricity prices to household energy bills. While we had expected a big jump in energy, the rise was even bigger than our expectations and indications suggest this was driven by earlier pass-through to heating oil from the very elevated wholesale diesel prices at present.
Mostramos publicamente o ponto principal. Crie uma conta gratuita para continuar lendo o artigo completo, salva-lo, comenta-lo e conecta-lo ao contexto de mercado e OSINT.