Eurozone Inflation Hits Three-Year High Amid Energy Price Surge

The eurozone's inflation rate has hit a three-year high of 3.8 percent in September, driven primarily by a sharp increase in energy costs.

Preliminary data released by Eurostat shows that energy prices surged 18.8 percent year on year in September, accelerating from a 14.3 percent increase in August.

This jump in energy costs was the main factor pushing up the overall inflation figure, which climbed to 3.8 percent in September, up from 3.2 percent in August.