Eurozone inflation at double-digit record piles pressure on ECB ...Qatar

The eurozone’s economic crisis intensified with the first ever reading of double-digit inflation, piling pressure on the European Central Bank (ECB) to keep raising interest rates aggressively. Consumer prices surged 10% from a year ago in September, data from Eurostat showed yesterday. That’s more than the median forecast of 9.7% in a Bloomberg survey of economists, and marks the fifth straight month the result has exceeded consensus. Energy and food once again drove inflation, though an underlying measure that excludes them also topped estimates to reach an all-time high of 4.8%. “Price gains are likely to hover around the current level until the start of next year. The rate is then expec

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