Eurozone Inflation Hits Three-Year High Amid Global Tensions

The eurozone has seen its inflation rate surge to a three-year high of 3.8% in September, driven by rising energy prices and ongoing global conflicts.

The increase, reported by AFP, marks a significant jump from the previous month's 3.2%, with energy costs skyrocketing by 18.8% in September compared to 14.3% in August.

This sharp rise has kept inflation well above the European Central Bank's target of 2%, increasing speculation about another interest rate hike to combat rising prices.