30 September 2011, 18:01 Euro price rises
Official figures show that the annual rate of inflation in the euro zone jumped to 3% this month. The news came days before outgoing European Central Bank chief Jean-Claude Trichet chairs his last meeting on interest rates.
The preliminary September figure was a dramatic rise from 2.5% in August, and well above the ECB's target of below but close to 2%.
It could dash what had been growing expectations of a possible ECB interest rate cut next week to support the weakening European economy.
An increase was expected after major economy Germany announced a spike to 2.8% but the figure was still a surprise just two weeks after the European Commission said inflation "seems to have peaked in the second quarter of 2011."
Inflation in the non-euro area is also running high. In Britain, the Bank of England has forecast that inflation will hit 5% this year.
Separate figures from Eurostat showed that euro zone unemployment for August was unchanged from July at 10%.
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