AI Data Insight
The EU's September 2026 CPI MoM rose to 0.6%, expanding further from 0.4% in the previous month, driving the YoY rate up to 3.8%. A surge in energy costs triggered by the Middle East conflict was the main driver pushing up prices, while services and food inflation also trended higher. Under the resurgence of inflationary pressure, the market expects that the European Central Bank (ECB) may need to reassess its rate hike cycle before the end of the year.