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Eurozone inflation dips below ECB target for the first time in over three years
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investmentweek.co.ukAccording to flash estimates from the European Union's statistics office Eurostat today (1 October), inflation in the euro area fell to 1.8% in September, down from 2.2% in August, matching forecasts by a Reuters poll of economists. Core inflation, which strips out energy, food, and tobacco, eased slightly from 2.8% in August to 2.7% in September. ECB cuts interest rates to 3.5% amid softer inflation figures and faltering growth Services inflation fell to 4% last month from 4.1% in August, while food, alcohol and tobacco prices ticked up slightly to 2.4% from 2.3%. Non-energy indus...
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