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By Dr. Thomas GITZEL, Chief Economist, VP Bank Group
According to a preliminary estimate, the inflation rate for the euro zone will rise from 2.0% to 2.1% in September. The inflation rate excluding volatile energy and food prices (core inflation) will fall from 1.0% to 0.9%. The rise in inflation rates over the past few months is primarily a reflection of higher energy prices. This is noticeable when going to the petrol station.
The car owner has to dig deeper into his wallet again to fill the tank. The German inflation data published yesterday indicated that the core inflation rate in the euro zone would also rise, but once again it says: far from it. The ECB's projections foresee a further increase in inflation rates every year, excluding...
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