Euro zone inflation falls to 1.8% in September, below the European Central Bank’s 2% target
- Inflation in the 20 countries using the euro dropped to 1.8% in September, below the European Central Bank's 2% target for the first time in over three years.
- The official figure, combined with a weak growth outlook, may lead to faster interest rate cuts from the ECB, which has reduced rates twice already.
- Falling energy prices, which declined by 6%, contributed significantly to this inflation drop, with Germany at 1.8% and Italy at 0.8%.
103 Articles
103 Articles
The CPI in the 20 countries that share the euro fell to 1.8% in September due to the fall in energy costs and the containment of the prices of goods. The underlying rate moderates one tenth, to 2.7%.
For the first time since the summer of 2021, inflation in the eurozone is below two percent. Interest rate drop in sight.
Eurozone inflation fell below 2% in September for the first time since mid-2021, reinforcing the arguments in favor of a cut in interest rates by the European Central Bank this month, as the end of a three-year battle to curb runaway price growth approaches. Inflation in the 20 countries that share the euro fell to 1.8% in September from 2.2% in August, according to Eurostat data released on Tuesday, below expectations of 1.9% according to a Reu…
The price index in the region returned below the European Central Bank's target 39 months later, reinforcing the expectation of a third interest rate cut (almost in a row) already in October. Portugal is one of the countries where inflation rose against the tide and rose in September
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