European Inflation Hits A New Record, Rising By Double Digits For The First Time

"In Germany, Europe’s biggest economy, price growth surged much more than expected.  The
end of summer discounts on public transport and fuel helped drive a gain there to 10.9%, the highest headline rate seen in the Group-of-Seven industrialized economies since the energy crisis struck. Italy, the Netherlands and Belgium saw significant accelerations too. By contrast, price growth unexpectedly slowed in France and weakened much more than expected in Spain." ZH