Euro zone inflation soars to a record 10%, piling pressure on the European Central Bank

Euro zone inflation soars to a record 10%, piling pressure on the European Central Bank

• The reading showed price increases broadening out from volatile food and energy prices into nearly all segments of the 19-member bloc’s economy.
• Energy prices rose 40.8% year-on-year, up from 38.6% in August, followed by food, alcohol and tobacco at 11.8%, up from 10.6% last month.

https://www.cnbc.com/2022/09/30/euro-zone-inflation-soars-to-record-high-of-10percent-for-september.html