Eurozone inflation expected to hit 4.1% in October

Inflation

Inflation in the eurozone is expected to reach the highest level since the introduction of the single currency in 1999, matching a 2008 peak, according to early forecasts.

The official statistical agency Eurostat said on October 29 it expects the harmonised index of consumer prices (HICP) to have increased year on year by 4.1% in October, way above the European Central Bank’s (ECB) 2% target.

This would continue the rapid increase in inflation recorded in 2021. Inflation has grown from

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