Eurozone September Inflation Rate Weaker than Expected

Eurozone consumer price inflation came in at 1.5 percent year-on-year in September 2017, unchanged from the previous month's four-month high and below market expectations of 1.6 percent. Food prices rose further while cost of services and energy increased at a softer pace.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (3.9 percent, compared with 4 percent in August), followed by food, alcohol and tobacco (1.9 percent, compared with 1.4 percent in August), services (1.5 percent, compared with 1.6 percent in August) and non-energy industrial goods (0.5 percent, stable compared with August).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, eased to 1.1 percent from 1.2 percent August.

Eurostat | Joana Ferreira |
9/29/2017 9:15:21 AM