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European Economic News

Eurozone Inflation Turns Negative As Estimated

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurozone inflation turned negative as initially estimated in September, final data from Eurostat showed Friday.

Consumer prices fell 0.1 percent in September from prior year, offsetting a 0.1 percent rise in August. The rate matched flash estimate published on September 30.

The ECB targets to bring inflation to 'below, but close to, 2 percent over the medium term'.

Excluding energy, food, alcohol and tobacco, core inflation remained unchanged at 0.9 percent in September. The core rate also matched preliminary estimate.

On a monthly basis, consumer prices rose 0.2 percent in the euro area and by 0.1 percent in EU.

Consumer prices in the European Union decreased 0.1 percent from a year ago after staying flat in August.

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