Central BanksMedium•13 November 2026•
1 min read
Eurozone Inflation Spikes to 4% in October as ECB Rate Hike Looms
Key Facts
1Eurozone inflation reached 4% in October, marking its highest level in three years.
2All 71 surveyed economists expect the ECB to raise its deposit rate to 2.75% next month.
Eurozone inflation reached 4% in October, marking its highest level in three years. Kathimerini Cyprus reported that all 71 surveyed economists expect the ECB to raise its deposit rate to 2.75% next month.
The inflation spike follows mixed economic signals from the region, including annual retail sales growth of 0.4% on November 6, 2026, which missed the 0.6% forecast. Monthly retail sales also recorded a 0.7% contraction on the same date, intensifying the focus on upcoming monetary policy decisions under Christine Lagarde.