US EditionEuro zone inflation falls to lowest in 2 years as economy slows
- In September, inflation in the euro zone reached its lowest level in two years, indicating that the European Central Bank's interest rate hikes were successful in curbing rising prices. However, this came at the cost of economic growth.
- Consumer prices in the euro zone rose by 4.3% in September, the slowest pace since October 2021, from 5.2% in the previous month. This decline in inflation was even more pronounced when excluding food, energy, alcohol, and tobacco, with a drop from 5.3% to 4.5%.
- These figures lend support to the ECB's belief that their interest rate adjustments have effectively brought inflation closer to their target of 2% by 2025. The bank's projections expect inflation to decrease to 3.2% in 2024 and 2.1% in 2025.
50 Articles
50 Articles
Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
FRANKFURT, Germany (AP) — Inflation that has plagued Europeans declined sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs. The annual rate was 4.3% this month, a drop from 5.2% in August, and the lowest since Octo…
Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom
FRANKFURT, Germany (AP) — Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won
Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom
FRANKFURT, Germany (AP) — Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won
Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom
FRANKFURT, Germany (AP) — Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won
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