There are no changes to the preliminary estimates, with euro area headline inflation confirmed to have surged to 3.8% in September. That marks a notable acceleration from the 3.2% estimate in August, with energy price inflation being the main culprit. Of note, energy prices were up 4.0% monthly and 18.9% annually in September (as compared to 14.3% annually in August). While the ECB may be able to look past the acceleration in headline prices, it will be tough for policymakers to keep brushing aside further increases in core inflation. The annual estimate here is seen rising to 2.5% from 2.4% previously. And that owes much to a further increase in services inflation, up to 3.2% in September from 3.0% in August.
Chung toi hien cong khai y chinh. Tao tai khoan mien phi de doc toan bo bai viet, luu, thao luan va ket noi voi boi canh thi truong va OSINT.