News & analysis
Headline CPI came in above expectations, while core inflation matched the 2.5% forecast but rose from the prior reading.
Eurozone flash consumer price inflation rose 3.8% year-on-year, above the 3.7% forecast and accelerating from 3.2% in the previous reading.
On a monthly basis, consumer prices rose 0.6%, exceeding the 0.5% forecast and the 0.4% increase recorded previously.
Core CPI, which strips out volatile components, rose 2.5% year-on-year, matching the forecast and up from 2.4% previously.