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02/10/2011 00:00 AST
Eurozone annual inflation increased unexpectedly in September to the highest level since October 2008.
Though inflation stays above the target, the central bank is expected to cut interest rates next week to alleviate concerns over the region's debt woes. But the latest unexpected surge in inflation raises suspicion over the rate cut move.
Annual inflation rose to 3 percent from 2.5 percent in August, a flash estimate from Eurostat showed Friday. The annual rate was expected to remain steady at 2.5 percent.
Higher energy and food prices were likely to be the factors behind the acceleration. The breakdown of September consumer prices will be released by the statistical office on October 14.
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RTT News
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
04/12/2025
US President Donald Trump with Crown Prince Mohammed bin Salman of Saudi Arabia during an arrival ceremony at the White House in Washington, Nov. 18, 2025. So far, the president's energy strategy has
Khaleej Times
04/12/2025
Turkish inflation eased to 31.07% annually and 0.87% month-on-month in November, both below expectations due to food prices, official data showed on Monday, reinforcing expectations of another intere
Asharq Al Awsat
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Bitcoin's plunge below $85,000 this week has sent a shudder through global cryptocurrency markets, erasing billions in value and reigniting concerns over the sector's fragility.
The world's
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The Prada Group announced Tuesday that it has officially purchased Versace in a $1.37 billion deal. The move takes the fashion house known for bold, sensual silhouettes into a new ownership structure
Gulfnews
02/12/2025
Manufacturing was weak in Europe and Asia's biggest economies in November, business surveys showed on Monday, as subdued domestic demand and tariff uncertainties weighed. The eurozone, China and Jap
Reuters
Financial Information Co.
Saudi Arabia