Euro-Zone Inflation Surges

The Wall Street Journal reports:

Consumer prices in the 17-member euro zone rose at the fastest pace in almost three years even as the economy slowed sharply, leaving the European Central Bank's rate setters to make a very tough call when they meet next week.

The European Union's official statistics agency Eurostat Friday said consumer prices rose by 3.0% in the 12 months to September, up from 2.5% in August and well above the ECB's target of just below 2.0%. It was the fastest rise in prices since October 2008

Yet, another failure for Keynesian economics.