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Eurozone inflation slowed in September to its lowest level since October 2021

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The final estimate for September was in line with previously announced data and the average analyst forecast.

In September 2023, consumer prices in the eurozone rose by 4.3% year-on-year, according to data from the statistical office of the European Union.

Thus, inflation slowed to its lowest level since October 2021. For comparison: in August it was 5.2%.

The final estimate for September was in line with previously announced data and the average analyst forecast.

Energy prices in the eurozone fell 4.6% year-on-year in September (3.3% in August). Food, alcohol and tobacco products increased in price by 8.8% (in August – by 9.7%), the cost of services increased by 4.7% (in August – by 5.5%).

The report indicates an acceleration of price growth in Italy and Spain – to 5.6% from 5.5% (in August and 3.3% from 2.4%, respectively).

Overall, prices excluding food and energy prices rose 4.5% in the eurozone last month, the smallest increase since August 2022.

Consumer prices in the eurozone rose 0.3% in September compared to the previous month.

It was previously reported that annual inflation has slowed in Ukraine.

Inflation in Russia may exceed 7%
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Source: korrespondent

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