Euro area inflation has risen further: 10.6% in October, with underlying inflation at 5.0%] Inflation has been exceptionally high in the euro area: in October, the headline inflation figure was already 10.6%.
1/8  BIS - Central bankers' speeches  In regard to this figure, however, it is worth noting that the rise in energy prices accounts directly for almost half of headline inflation, and indirectly for a relatively large share of the rise in non-energy prices. Higher energy prices have pushed up food prices as well.