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Euro area inflation: 10%
Euro-area inflation broke another record in September (headline 10.0% and core 4.8%). Price pressures are broad at the moment but future developments are very uncertain and will depend on e.g. the approaching wage negotiations in Germany. • Euro-area flash inflation printing with a 10-handle • Germany with the highest inflation • Short-term upwards pressure remains high • Core goods price inflation to easy, while service price inflation is the wildcard • Today's number supports a 75bp ECB rate hike at the October meeting Euro-area inflation accelerated even more than consensus expected in September. ... (full story)