EURO - AREA INFLATION HITS 3.8 % AS ENERGY PRICES JUMP 18.9 %

What happened: Eurostat reported euro-area annual inflation of 3.8% in September, up from 3.2% in August, as energy prices jumped 18.9%. Key numbers: Euro-area and EU-wide rates both 3.8% in September, 3.2% in August. Euro-area rate 1.8 percentage points above the ECB's 2% target. Why it matters: The ECB cited inflation pressure linked to the Middle East conflict when raising rates. The Commission proposed an Affordable Housing Act on Sept. 9 and lists targeted income assistance, energy vouchers and electricity tax cuts as options for member countries, which decide whether to apply them. Coverage: 3 outlets in 24h

Eurostat reported euro-area annual inflation of 3.8% in September, up from 3.2% in August, as energy prices jumped 18.9%.

The ECB cited inflation pressure linked to the Middle East conflict when raising rates. The Commission proposed an Affordable Housing Act on Sept. 9 and lists targeted income assistance, energy vouchers and electricity tax cuts as options for member countries, which decide whether to apply them.