Lagarde says energy and food are lifting euro inflation; core holds at 2.5%

Briefing by News4U · First published 2026-11-07 14:16:31 UTC

Today Christine Lagarde said in an interview with Yomiuri Shimbun published by the European Central Bank that euro-area headline inflation was 4% in October, largely because energy inflation rose to 20.8% from 18.9% in September, and that food inflation has also increased. She said underlying indicators are stable, with core inflation unchanged at 2.5%, and that policymakers are currently not seeing signs of second-round effects beyond those already built into ECB projections. The central bank also posted the remarks on X. [1] [2]

Sources

1. Interview with Yomiuri Shimbun

   European Central Bank · 2026-11-07 14:00:00 UTC · Excerpt

2. @ecb (X): Energy is pushing up inflation numbers and food inflation has also increased, says President @Lagarde. But the underlying indicators are sta

   @ecb (X) · 2026-11-07 14:00:58 UTC · Excerpt

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