The consumer price inflation in Europe rose unexpectedly to 3% in September, the highest annual rate of Inflation since October 2008. The European union's statistic office declared the initial estimate in Luxembourg today. In a separate report it also declared that euro zone's seasonally adjusted unemployment rate stood at 10% in August, unchanged from July.

Inflation was recorded at 2.5% in month of August. Most analyst expected the inflation to remain constant for the month of September.

The higher inflation will exert more pressure on the euro zone economy, which is battling with the debt crisis.

The ECB aims to keep the inflation below 2%. It recently said that inflation may average at 2.6% in current year and lower to 1.7% in 2012. The economic growth expected by ECB is 1.6 % in 2011 and 1.3% next year.