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%.
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Total News Sources0
Leaning Left20Leaning Right6Center11Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
L 54%
C 30%
R 16%
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