Eurozone Inflation Confirmed at 3.8%, Highest Since Iran War - Seoul Economic Daily

The European Union's statistics office said on the 16th that consumer prices in the 21-nation eurozone rose 3.8% in September from a year earlier, confirming its earlier estimate. The figure matched the flash reading released on the 2nd and was 0.6 percentage points higher than August's 3.2%. Eurozone inflation had been stable at 1.9% in February but climbed sharply after the Iran war broke out at the end of that month, reaching 2.6% in March, 3.0% in April and 3.2% in May. The rate eased to 2.8% in June before rebounding to 2.9% in July and 3.2% in August, then widened significantly in September. On a monthly basis, consumer prices rose 0.6% in September from the previous month. Energy accounted for 1.71 percentage points of the 3.