Inflation in the Netherlands at its highest level in the last 18 months

Dutch annual inflation accelerated to 3.7% in October from 3.4% in September, marking the highest reading in 18 months, according to the national statistics office. The increase was driven by rising global energy costs and higher prices for industrial goods. The development matters because it extends the country's inflation upswing and adds pressure on the European Central Bank's rate path. Investors will watch upcoming eurozone inflation data and energy markets for signs of whether the trend persists.