ZURICH (MaceNews) – Inflation in the countries sharing the euro reached double-digits in September, rising 10% from a year ago, according to a flash HICP figure released by Eurostat Friday.
Economists were expecting consumer inflation of 9.6%, according to the median of an Econoday survey of economists’ forecasts.
The narrow core measure which excludes energy, food, alcohol, and tobacco rose 4.8 percent in September from a year ago, also higher than the Econoday median which expected a 4.7 percent increase. Energy prices rose 40.8 percent in September, the preliminary estimates showed.
Annual inflation among the major economist in September:
- Germany +10.9% y/y
- Spain +9.3% y/y
- France +6.2% y/7
- Italy +9.5 % Y/Y
- Netherlands +17.1% y/y
Separately, Eurostat also reported the unemployment rate for the bloc was unchanged in September from the 6.6% July level and down from 7.5% in August of last year.
