Euro-Region Inflation Quickened in September on Energy Costs
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European inflation accelerated to the fastest in almost three years in September on soaring energy costs, complicating the European Central Bank’s task as it combats the region’s sovereign-debt crisis.
The euro-area inflation rate jumped to 3 percent last month from 2.5 percent in August, the European Union’s statistics office in Luxembourg said today. That’s the biggest gain since October 2008 and in line with an initial estimate published on Sept. 30. Energy costs jumped 12.4 percent in the period.