Eurozone annual inflation is expected to rise to 3.8 percent in September from 3.2 percent in August, reaching its highest level since September 2023, according to a flash estimate released Friday by Eurostat.
Eurozone inflation stood at 2.8 percent in June before rising to 2.9 percent in July and 3.2 percent in August. The September data marked three consecutive months of acceleration.
Among the main components, energy is expected to record the highest annual rate in September at 18.8 percent, up from 14.3 percent in August. Services inflation is forecast to pick up to 3.2 percent from 3.0 percent, and food, alcohol and tobacco inflation to 1.4 percent from 1.1 percent. Inflation for non-energy industrial goods, however, is expected to ease to 1.1 percent from 1.2 percent.
Core inflation, which excludes energy, food, alcohol and tobacco, is expected to edge up to 2.5 percent in September from 2.4 percent in August.
Inflation also accelerated in four of the eurozone’s largest economies, with Germany’s climbing to 3.3 percent from 2.9 percent, France’s rising to 3.4 percent from 2.6 percent, Italy’s up to 4.1 percent from 3.2 percent, and Spain’s to 5.0 percent from 4.6 percent.
