The annual inflation rate in the Eurozone is expected to fall to 1.8% in September 2024, down from 2.2% in August, according to a flash estimate from Eurostat. This marks a significant improvement for the European economy, driven largely by a sharp decline in energy prices, which dropped by 6% compared to a 3% fall the previous month.
Despite the overall reduction in inflation, certain sectors remain elevated. The cost of services is projected to have the highest annual rate, at 4.0%, while food, alcohol, and tobacco prices are also seeing slight increases. The continued easing of inflation offers some relief amid concerns over rising living costs across the region.
By commenting you are accepting our Comment Policy.