Europe's Inflation Is Speeding Up as France's Borrowing Costs Climb, Showing Global Nature of the Problem - The South Shore Press

Eurozone inflation jumped to 3.8% in September on energy prices, and French 10-year yields hit their highest level since 2002. Neither problem stays in Europe. While most American attention Friday went to a weak jobs report, a quieter story was playing out across the Atlantic that I think deserves more of it. Inflation in the eurozone came in hotter than expected for September, driven by energy. At the same time, the French government's borrowing costs have climbed to levels not seen in more than two decades, as a divided parliament takes up another austerity budget. Annual inflation in the countries that use the euro rose to 3.8% in September from 3.2% in August, according to the flash estimate Eurostat released Friday. Prices rose 0.