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Euro zone inflation hits 3.8% in September, highest in 3 years, driven by rising energy costs.

Market News
02 Oct 2026
CNBC
View Source
Bearish
Euro zone inflation hits 3.8% in September, highest in 3 years, driven by rising energy costs.

Annual inflation in the euro zone rose to 3.8% in September, surpassing market expectations and reaching its highest level since September 2023. This increase was largely driven by energy prices, which surged due to ongoing Middle East conflicts, pushing energy inflation to 18.8%. Core inflation remained steady at 2.5%. The higher inflation reading complicates the European Central Bank's plans, making the upcoming October 29 meeting critical for potential interest rate decisions to curb inflation.

Eurozone inflation data provides context for market conditions. For readers following US stocks on Pluang, here is the market snapshot as of Oct 02, 2026 15:11 WIB: out of 150 priced stocks, 119 rose and 24 fell. Notable movers include COIN at USD 194.60 with a 1-day change of +2.81%, MRNA at USD 193.45 with +2.39%, and ABNB at USD 163.80 with +2.08%.

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