Lagarde says October's 4% inflation is largely attributable to energy

In an interview published by the ECB, conducted by Yomiuri Shimbun on 4 November, President Christine Lagarde said: "Headline inflation in October was at 4%". She said: "It’s largely attributable to energy, because energy inflation increased to 20.8%, up from 18.9% in September". She said core inflation "was 2.5%, unchanged from September." She said: "We are currently not seeing signs of second-round effects beyond what we have incorporated in our projections."