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9/30, 11:00 AM (Source: TeleTrader)
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Eurozone inflation up to record 10% in September

The annual inflation rate in the Eurozone (EA19) stood at record 10% in September, up 0.9 percentage points compared to the previous month, according to Eurostat's preliminary report published on Friday.

Energy is estimated to reach an annual inflation rate of 40.8%. The food, alcohol and tobacco inflation rate will follow at 11.8% and non-energy industrial goods prices are expected to rise 5.6% year on year. The services inflation rate is projected to hit 4.3%.

Among the Eurozone countries, the highest projected annual inflation rate of 24.2% in September is expected in Estonia, and the lowest, 6.2%, in France.

Baha Breaking News (BBN) / MS