Newsig · Forex News
Eurozone inflation jumps to 3.8% in September as energy prices surge
Eurozone September preliminary CPI +3.8% vs +3.6% y/y expectedPrior +3.2%Eurozone September preliminary core CPI +2.5% vs +2.5% y/y expectedPrior +2.4%The breakdownThe headline estimate reaffirms that inflation continues to surge higher in the euro area at the end of the third quarter. That is large
Why it matters
EUR/USD (Euro / US Dollar) · Why linked: Eurozone CPI directly impacts the euro's valuation against the dollar and ECB policy expectations. Market context: A larger-than-expected inflation jump strengthens the case for hawkish ECB policy, supporting the euro in the near term.
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