According to a flash estimate from Eurostat, euro area annual inflation is expected to be 3.4% in September 2021, up from 3.0% in August. Economists had expected a 3.3% increase. The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (17.4%, compared with 15.4% in August), followed by non-energy industrial goods (2.1%, compared with 2.6% in August), food, alcohol & tobacco (2.1%, compared with 2.0% in August) and services (1.7%, compared with 1.1% in August).