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Eurozone inflation hits 13-year high of 3.4 pct

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Eurozone inflation accelerated to 3.4 percent year-on-year (y-o-y) in September, reaching a 13-year high, according to a flash estimate published on Sunday by Eurostat, the statistical office of the European Union (EU).

Energy prices were still the main driver of infla-tion in the 19-member eurozone, increasing by 17.4 percent y-o-y. Food, alcohol and tobacco, and non-energy industrial goods prices all recorded a 2.1 percent yearly growth. Services price growth accel-erated to 1.7 percent in September.

In August, the yearly inflation rate had already broken a ten-year record at three percent .–Xinhua

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