Inflation in the Eurozone fell to its lowest level in more than four years, falling further in the negative zone than expected in September and raising fears of a price deflation spiral due to the Covid-19 pandemic.<\/p>\n\n\n\n
The European statistics office Eurostat said in preliminary estimates that consumer prices in the 19-nation euro zone fell 0.3% year-on-year in September, and rose 0.1% on a monthly basis.<\/p>\n\n\n\n
Economists polled by Reuters had expected a decline of 0.2% year-on-year.<\/p>\n\n\n\n
The drop is the largest since April 2016, when inflation was also recorded at -0.3%.<\/p>\n\n\n\n
Energy prices fell 8.2% year-on-year in September, after falling 7.8% in August. Prices for industrial goods other than energy also fell 0.3%, after falling 0.1% in August.<\/p>\n\n\n\n
Excluding volatile energy and often changing unprocessed food prices, what the European Central Bank calls core inflation is up 0.4% from its level a year ago.<\/p>\n\n\n\n
Experts polled by Reuters had expected a further increase of 0.8% year-on-year.<\/p>\n\n\n\n
A narrower measure that excludes alcohol and tobacco prices and is closely monitored by market experts, rose 0.2%year on year, less than half what economists expected.<\/p>\n\n\n\n
The European Central Bank wants to keep inflation below 2%, but near that level in the medium term.<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation in the Eurozone fell to its lowest level in more than four years, falling further in the negative zone than expected in September and raising fears of a price deflation spiral due to the Covid-19 pandemic. The European statistics office Eurostat said in preliminary estimates that consumer prices in the 19-nation euro zone fell …<\/p>\n","protected":false},"author":9,"featured_media":32815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6928,6992,6987],"class_list":["post-34869","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-euro","tag-european-union","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34869"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34869\/revisions"}],"predecessor-version":[{"id":34870,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34869\/revisions\/34870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32815"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}