Inflation in the EU accelerated in September, but in the Czech Republic it was the fourth lowest

In September, consumer prices in the EU rose by 3.8%, up from 3.2% in August, according to Eurostat. In the Czech Republic, inflation increased to 2.2% from 1.5%. Eurostat's harmonized data differs from the Czech Statistical Office's report, which indicated a 2.5% inflation rate. The eurozone also saw inflation rise to a three-year high of 3.8%. Global inflation is being driven by rising oil and gas prices due to Middle Eastern conflicts. The ECB raised interest rates to combat inflation, now above its 2% target. Romania recorded the highest inflation at 6.5%.