We use essential cookies and third-party cookies for content.

The National Times - Euro-Area Inflation Reaches 4% as Energy Prices Jump

Euro-Area Inflation Reaches 4% as Energy Prices Jump

ECONOMY 12.11.2026
Euro-Area Inflation Reaches 4% as Energy Prices Jump
Euro-Area Inflation Reaches 4% as Energy Prices Jump

Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.

Change text size:

Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.

The acceleration keeps pressure on the European Central Bank to prevent the energy shock from spreading into wages and other prices. Stable core inflation offers some reassurance, but the scale of the energy increase leaves households and energy-intensive companies exposed.

⁣

M.Davis--TNT

Featured

Spain's General Strike Links Housing Crisis to Lost Purchasing Power

Spain experienced its first nationwide general strike in 14 years as unions protested soaring housing costs and shrinking purchasing power. Transport and traffic were disrupted in several large cities, although unions and employer groups offered sharply different estimates of participation.

China's Factory Inflation Accelerates While Consumer Demand Stays Weak

China's producer prices rose 5.7% from a year earlier in October, the fastest increase since mid-2022, as expensive oil lifted costs in mining, chemicals and other energy-intensive industries. Consumer inflation slowed to 0.7%.

US Adds 165,000 Jobs as Unemployment Falls to 4.1%

The US economy created 165,000 jobs in October, far above the 65,000 expected by economists, while unemployment edged down to 4.1%. Professional and business services led hiring, followed by healthcare, transport, warehousing and manufacturing.

Bank of England Raises Interest Rate to 4% as Energy Risks Intensify

The Bank of England increased Bank Rate by 0.25 percentage points to 4% in an 8-1 vote. UK inflation reached 3.5% in September and is projected to climb toward 5% by mid-2027 as higher global energy costs reach household and company bills.

Change text size: