According to CoinMeta, Germany's inflation rate accelerated to 3.3% year-on-year in September, higher than the market expectation of 3.2%, mainly driven by soaring energy costs. At the same time, inflation in France, Italy, and Spain is also accelerating, with the eurozone inflation expected to reach 3.7%, nearly twice the European Central Bank's target. This data increases the pressure on the European Central Bank to raise interest rates for the third time, with options for such a move in October and December under consideration.