Eurozone inflation hits 3-year high of 3.8% in September

Eurozone inflation rose to 3.8% in September, up from 3.2% in August, driven by energy inflation surging to 18.8% — its highest since January 2023. Core inflation edged up to 2.5%, while services inflation reached 3.2%. The data complicates ECB's policy outlook, with markets expecting a 25-bps rate hike by year-end.