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Inflation in the eurozone slowed to 4.3% in September


September, 29 2023
watermark Economic news

According to the preliminary assessment of the Statistical Office of the European Union, consumer prices in the eurozone increased by 4.3% in annual terms in September. 


Thus, inflation slowed down from 5.2% in August. Analysts' consensus forecast suggested a slowdown to 4.5%.


In particular, energy prices in September decreased by 4.7% YoY after falling by 3.3% in August. The growth of prices for food, alcohol and tobacco products slowed from 9.7% to 8.8%, for services – from 5.5% to 4.7%.

 

Core inflation (CPI Core index – price growth excluding the cost of food and energy) in September slowed to the lowest since August 2022 4.5% (from 5.3% a month earlier). Analysts had expected a rise of 4.8%.


On a monthly basis, consumer prices in September increased by 0.3% compared to August – then they increased by 0.5%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.