The Consumer price index (CPI) of the euro zone has risen eight tenths in September, jumping from 9.1% in August to 9.9% current, its all-time high since the creation of the single currency. The result moderates slightly the 10% of the market consensus.
In the set of European Unioninflation has risen 10.9% from 10.1% in August, according to Eurostat, the EU statistics office.
The lowest annual rates were recorded in France (6.2%), Malta (7.4%) and Finland (8.4%). The highest were in Estonia (24.1%), Lithuania (22.5%) and Latvia (22%). Compared to August, annual inflation fell in six member states, remained stable in one and rose in twenty.
In September, the largest contribution to the annual inflation rate in the Eurozone corresponded to the energy (+4.19%)followed by food, alcohol and tobacco (+2.47%), services (+1.80%) and non-energy industrial goods (+1.47%).
Monthly inflation has met expectations and has risen six tenths to 1.2%, the highest level recorded in the last six months, specifically since March.
The Annual core CPI has also hit a new high, rising to 4.8% from 4.3% previously, as expected. The monthly indicator has increased to 1% from the previous 0.5%, meeting forecasts.
EUR/USD reaction
The EUR/USD has reacted to the data with a slight bounce from the daily low marked just minutes before at 0.9812 to the 0.9822 zone, keeping it under pressure to the downside. At time of writing, the pair is trading above 0.9817, shedding 0.38% on the day.
Source: Fx Street
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