Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Eurozone inflation surged to its highest level in over a decade last month, rising 0.5% between August and September, reaching an annual rate of 3.4%, the fastest pace of growth since September 2008. Energy prices accounted for much of the acceleration, rising by 1.3% in September, or by 17.4% at an annual pace. Excluding energy, food alcohol and tobacco, prices rose by a more subdued 0.5% last month, or by an annual rate of 1.9%, Eurostat said Friday.
Despite the rise, which was in line with expectations, ECB President Christine Lagarde has taken a more relaxed approach toward rising prices than leaders of other developed-world central banks. Lagarde has repeatedly stressed that eurozone inflation is forecast to retreat to well below the ECB's 2.0% inflation target next year.
Source: Eurostat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.