Eurozone CPI Rises to 3.8% as Energy Surge Overshadows Modest Core Inflation Increase - Action Forex

Eurozone inflation accelerated sharply in September, with headline CPI rising from 3.2% to 3.8% yoy , confirming Eurostat’s earlier flash estimate. Consumer prices increased 0.6% mom, with energy remaining the dominant driver of the acceleration . Annual energy inflation surged from 14.3% to 18.9%, while its contribution to headline inflation increased from 1.29 to 1.71 percentage points , overtaking services as the largest contributor. Energy accounted for most of the 0.6 percentage point increase in annual inflation, highlighting the extent to which the latest acceleration was driven by higher energy costs rather than a comparable strengthening across all consumer prices.