German and French inflation rises
Photo: Bodo Marks AP/TT

German and French inflation rises more than expected in September

Inflation in the major eurozone countries Germany, France and Italy rose sharply in September. The increase was unexpectedly large.

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German inflation rose to 3.3 percent in September, according to preliminary EU-harmonised figures. This compares with 2.9 percent in August and an average forecast among analysts of 3.2 percent in September, according to Bloomberg.

In France, inflation for September rose by the same measure to 3.4 percent, compared with an expected 3.2 percent. Inflation in Italy also rose to 4.1 percent in September, higher than expected.

On Tuesday, unexpectedly high inflation figures were reported in Spain, and on Friday, the first estimate of inflation in the eurozone as a whole will be released.

Inflation in the major euro countries is crucial data ahead of upcoming interest rate announcements from the European Central Bank (ECB).

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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