Euro area inflation weakened sharply in September to the lowest level since late 2021 after ten consecutive interest rate hikes from the European Central Bank, but the monetary policy is expected to remain tight for longer as the 2 percent target is still away. Inflation eased sharply to 4.3 percent in September from 5.2 percent in August, flash data from Eurostat revealed Friday. This was also below economists' forecast of 4.5 percent.
The rate was the lowest since October 2021, when inflation stood at 4.1 percent.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.