Eurozone Inflation Rises to 2.2% in September as Services Rebound
Inflation in the Eurozone climbed to 2.2% in September, marking a rise from 2.0% in August. This increase met stock market expectations and was driven primarily by services, which saw a 3.2% increase.
The core inflation rate, excluding energy and food, rose to 2.3%, in line with economists' predictions. This increase was largely due to services, which have seen a significant rebound as economies reopen following COVID-19 restrictions.
Among Eurozone countries, Estonia experienced the highest consumer price increases, with a 5.2% rise compared to the previous year. Croatia and Slovakia followed closely with 4.6% each.
The rise in inflation, driven by services and meeting stock market expectations, signals a recovery in the Eurozone's economy. However, the European Central Bank will continue to monitor inflation closely to ensure it remains stable and does not negatively impact economic growth.
