Economic Buzz: Eurozone inflation at 3.8% in September

The annual inflation rate in the Eurozone was confirmed at 3.8% in September, up from 3.2% in August, Eurostat said in its final report published on Friday.

The European Union's annual inflation rate also stood at 3.8%, while both recorded a 0.6% monthly increase. Energy contributed the most to annual inflation, adding 1.71 percentage points, followed by services at 1.52 percentage points. Eurozone core inflation, excluding energy, food, alcohol and tobacco, stood at 2.5%.

The highest annual inflation was recorded in Romania at 6.5%, Lithuania at 6.1%, and Bulgaria at 5.6%. Sweden recorded the lowest rate at 1.0%, followed by Hungary and Denmark at 2.1% each.

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