Euro zone September inflation revised down slightly, still at record high
Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more interest rate rises before the end of the year. The European Union’s statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 1.2% month-on-month for a 9.9% year-on-year surge, revising down its earlier estimate of a 10% year-on-year reading. Surging energy prices were responsible for 4.19 percentage points of the total year-on-year reading, with food adding another 2.47 points and services 1.80 points.
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