# Euro Outlook: Double-digit Eurozone Inflation to Offer Scant Support

> Euro-zone CPI inflation rose to 10% year-on-year in September, above the 9.7% forecast, driven by gas prices. Analysts expect a 75 basis point ECB hike on October 27, but say the euro is unlikely to benefit much.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/39803-euro-outlook-double-digit-eurozone-inflation-to-offer-scant-support
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent inflation and rate hikes support the ECB's tightening path but leave the euro weak. Higher European energy and input costs weigh on regional feed and food demand.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-02-03 | [Euro-Dollar Gets No Help from Inflation as 1.20 Offers Formidable Support](https://feedsoft.ai/events/48858-euro-dollar-gets-no-help-from-inflation-as-1-20-offers-formidable-support.md) | +0.7% | +0.4% |
| EURUSD | 2024-08-30 | [Euro zone bond yields drop as inflation data supports ECB easing hopes](https://feedsoft.ai/events/29012-euro-zone-bond-yields-drop-as-inflation-data-supports-ecb-easing-hopes.md) | 0.0% | +0.7% |
| EURUSD | 2018-09-28 | [Euro Retreats after Inflation Disappointment, Italian Budget Dilemma Cast Doubt over ECB Policy Outlook](https://feedsoft.ai/events/63249-euro-retreats-after-inflation-disappointment-italian-budget-dilemma-cast-doubt.md) | -1.4% | -2.4% |
| EURUSD | 2024-08-30 | [Euro zone inflation, August 2024](https://feedsoft.ai/events/29009-euro-zone-inflation-august-2024.md) | 0.0% | +0.7% |
| EURUSD | 2018-08-29 | [Euro US Dollar Exchange Rate Live: EUR/USD <1.17 Handle Ahead Of Eurozone Inflation](https://feedsoft.ai/events/63737-euro-us-dollar-exchange-rate-live-eur-usd-and-lt-1-17-handle-ahead-of-eurozone.md) | -0.9% | +0.3% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eur/17605-euro-exchange-rate-outlook-post-inflation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.