Eurozone inflation ticks above ECB's 2% target in September

Irish inflation rose notably in September to 2.7%, marking one of the largest fluctuations among eurozone countries

While the uptick now exceeds the ECB's target of 2%, the rise in inflation is unlikely to concern policymakers, with broader economic trends suggesting Wednesday's figures reflect a temporary blip, with numbers likely to soon return to the bank's target rate. (Photo by DANIEL ROLAND/AFP via Getty Images)

Euro area inflation ticked up in September, underpinned by rises in services and food, with price levels across the 20-nation eurozone rising above the European Central Bank's (ECB) target of 2%.

Coming in at 2.2% in September, new figures from Eurostat suggest the ECB will keep rates on hold for some time, with some policymakers even worrying that inflation is going too low.