Eurozone Inflation Turns Negative As Estimated

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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