Eurozoneinflation has topped 2% for eight straight months.
Surging oil and gas prices are eroding household spending power across 21 countries.
Eurostat’s flash estimate hit 4% in October, up from 3.8%, as the US-Iran war’s energy shock reached household bills.
The Bank of England’s new sticky-inflation gauge shows little sign of building UK price pressure.
Traders see roughly 70% odds the European Central Bank raises rates a quarter point on 17 December.
How each outlet framed it
- Financial Times News
- links the 4% reading to the ECB's two hikes since the February US-Iran war and a December rate-rise signal
- Bloomberg Business
Sources: Bloomberg Business, Financial Times News