Eurozone consumer prices declined for the second straight month in September, as initially estimated, final data from Eurostat revealed Friday.
Consumer prices decreased 0.3 percent on a yearly basis, following a 0.2 percent drop in August. The statistical office confirmed the flash estimate released on October 2. A similar lower rate was last seen in April 2016.
The European Central Bank aims to keep inflation “below, but close to 2 percent.” But the bank expects inflation to average 1 percent in 2021 and 1.3 percent in 2022.
Month-on-month, the harmonized index of consumer prices gained 0.1 percent in September, in line with the preliminary estimate.
Core inflation that excludes volatile energy, food, alcohol and tobacco, halved to a record 0.2 percent from 0.4 percent in August. The core rate also matched the flash estimate.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/retail-sales/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx