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Eurozone inflation falls 1.8 percent in September, below the ECB's target

2024-10-01 14:38:24Biznes SHKRUAR NGA REDAKSIA VOX

Eurozone inflation falls 1.8 percent in September, below the ECB's target

Eurozone inflation fell to 1.8% in September, below the European Central Bank's 2% target.

The reading was in line with economists' expectations, as annual inflation hit a three-year low of 2.2% in August.

The core inflation rate, which excludes the more volatile prices of energy, food, alcohol and tobacco, reached 2.7%. It was expected to remain unchanged from August's reading of 2.8%.

Eurozone services inflation eased to 4% in September from 4.1% in August, the data showed.

The figures come as September inflation softened below the European Central Bank's 2% target in several key Eurozone economies, including France and Germany. The harmonized rate of inflation in Europe's main economy fell by more than expected to 1.8% on an annual basis, preliminary data showed on Monday.


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