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MarketWatch points out that inflation below the European Central Bank's (ECB) 2% target was observed for the first time since June 2021.
In August, the inflation rate reached 2.2%.
According to analysts' consensus forecast cited by Trading Economics, consumer price growth is expected to decrease to 1.9% in September.
Preliminary data shows that the rise in service costs decreased to an annual rate of 4% from 4.1% in August, while prices of food, alcohol, and tobacco products increased to 2.4% from 2.3%.
Prices of industrial products increased by 0.4% in September, remaining unchanged from the previous month, while energy resources saw a 6% decrease in price (-3% in August).
In September, the increase in consumer prices, not including food and energy costs (CPI Core), decreased to 2.7%, which is the lowest since April, down from 2.8% in August. On average, experts forecasted that the growth rate would stay steady at 2.8%.
In September, there was a 0.1% drop in consumer prices in the euro zone from the month before. In the month of August, their monthly growth was observed.
The latest information regarding inflation trends in the eurozone for the previous month will be published on October 17.
source: marketwatch.com
In August, the inflation rate reached 2.2%.
According to analysts' consensus forecast cited by Trading Economics, consumer price growth is expected to decrease to 1.9% in September.
Preliminary data shows that the rise in service costs decreased to an annual rate of 4% from 4.1% in August, while prices of food, alcohol, and tobacco products increased to 2.4% from 2.3%.
Prices of industrial products increased by 0.4% in September, remaining unchanged from the previous month, while energy resources saw a 6% decrease in price (-3% in August).
In September, the increase in consumer prices, not including food and energy costs (CPI Core), decreased to 2.7%, which is the lowest since April, down from 2.8% in August. On average, experts forecasted that the growth rate would stay steady at 2.8%.
In September, there was a 0.1% drop in consumer prices in the euro zone from the month before. In the month of August, their monthly growth was observed.
The latest information regarding inflation trends in the eurozone for the previous month will be published on October 17.
source: marketwatch.com
