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Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in the eurozone slowed to 1.8% in September

October, 01 2024
watermark Economic news

According to preliminary data from Eurostat, in September 2024, inflation in the eurozone fell to 1.8% in annual terms. This is the first time since June 2021 that inflation has fallen below the European Central Bank's 2% target.


In August, inflation was 2.2%, while analysts had forecast a decline to 1.9%.


The growth in the cost of services slowed to 4% from August's 4.1%, food, alcohol and tobacco products rose to 2.4% from 2.3%. Industrial goods rose by 0.4%, maintaining the pace of August, and energy prices fell by 6% after a 3% drop in the previous month.


Core inflation (CPI Core), excluding food and energy prices, showed a slowdown in growth to 2.7% from 2.8% in August, which was the lowest value since April 2024. Experts expected forecasts to remain at the level of 2.8%. On a monthly basis, consumer prices decreased by 0.1%.


The final eurozone inflation data for September will be published on October 17.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.