Lagarde: European inflation rose to 4% in October, while core inflation remained stable.

European Central Bank President Christine Lagarde stated that overall inflation in Europe reached 4% in October, higher than expected a few months ago but in line with market expectations. The high inflation figure was primarily attributed to rising energy prices, with energy inflation rising to 20.8% from 18.9% in September, and food inflation also increasing. Core inflation, excluding energy, food, alcohol, and tobacco prices, was 2.5%, unchanged from September. Services inflation rose slightly to 3.3%, remaining within the range of the past four months. Inflation is expected to remain high in the coming quarters, and the European Central Bank will closely monitor the composition of inflation and the impact of energy prices. (Source: Jinshi Data)