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…
Thanks to falling energy prices, inflation in the euro area has fallen below two percent for the first time since May 2021. This enables the ECB to further ease interest rates.[more]]]>
Inflation in the eurozone is below the European Central Bank's target for the first time in more than three years. The price trend is likely to increase speculation about another interest rate cut.
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