Energy drives inflation in the eurozone to 4% in October

In October, the eurozone's inflation rate rose to 4.0%, driven primarily by a 20.8% increase in energy prices. This marks an increase from 3.8% in September and is significantly higher than the 2.1% recorded last year. Other sectors also saw price increases, with services up by 3.3% and food, alcohol, and tobacco rising by 1.6%. The inflation rates varied widely among member states, with Lithuania experiencing the highest at 6.1%, while Malta had the lowest at 2.3%. Portugal's inflation rate matched the eurozone average at 3.9%.