欧元区9月通胀小幅回升 核心通胀反弹凸显潜在价格压力

Core Insights - The Eurozone's Consumer Price Index (CPI) for September increased by 2.2% year-on-year, up from 2.0% in the previous three months, slightly exceeding the European Central Bank's (ECB) medium-term inflation target of 2.0% [1] Inflation Data - Service sector inflation rose from 3.1% in August to 3.2% in September [1] - Energy prices saw a significant narrowing in the year-on-year decline, dropping only 0.4% in September compared to a 2.0% decline in August [1] - The price increase for food, alcohol, and tobacco slowed to 3.0%, down from 3.2% previously, with unprocessed food inflation weakening further [1] - Non-energy industrial goods inflation remained stable at 0.8% [1] - The core inflation rate, excluding energy, food, alcohol, and tobacco, increased to 2.4%, surpassing the preliminary estimate of 2.3% and reversing the over three-year low of 2.3% recorded in August, indicating persistent underlying price pressures in the Eurozone [1] ECB Commentary - ECB Governing Council member Simkus expressed support for a "risk management-style rate cut," noting that current inflation and economic growth risks are "more tilted to the downside" [1] - Simkus emphasized that the price forecast for 2028 is crucial for the ECB's next steps [1] - He also mentioned the possibility of further appreciation of the euro [1]