Eurozone September inflation confirmed at 3.8%, hitting a three-year high

⑴ The annualized inflation rate in the Eurozone for September 2026 accelerated for the third consecutive month to 3.8%, reaching its highest level since September 2023. It was 3.2% in August, consistent with the preliminary estimate.⑵ Energy prices rose from 14.3% to 18.9%, service prices increased from 3% to 3.2%, and food, alcohol, and tobacco prices went up from 1.1% to 1.3%.⑶ On the other hand, inflation for non-energy industrial goods slightly eased from 1.2% to 1.1%.⑷ Inflation accelerated across the entire Eurozone, with Slovakia being the only country recording a slight decline, dropping from 3.1% to 3%; Latvia and Portugal remained steady at 3% and 3.6% respectively.⑸ Among major Eurozone economies, Germany's inflation rose from 2.9% to 3.3%, France from 2.6% to 3.4%, Italy from 3.2% to 4.2%, Spain from 4.6% to 5%, and the Netherlands from 2.8% to 3%.⑹ The annualized core inflation, excluding energy, food, alcohol, and tobacco, increased from 2.4% to 2.5%.⑺ On a month-on-month basis, CPI rose by 0.6%.