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Economics Gazette

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November 14, 2019

Eurozone inflation rate remained unchanged in September

Eurozone inflationEurozone inflation rate remained unchanged in September at 1.5% mom, shows the preliminary estimates of the European Statistical Office Eurostat. The main push of consumer prices again comes from energy prices, although growth is slightly slowing down against August – from 4.0% to 3.9%.

However, food, alcohol and tobacco prices accelerated sharply from 1.9% in the previous month to 1.4%. The rise in service prices slowed slightly to 1.5%, down from 1.6% in August.

Prices of non-energy industrial goods remain unchanged on a monthly basis.

The core inflation, which excludes changes in volatile commodity prices, such as energy and food, and is considered a more accurate indicator, is slightly slowing to 1.1%, compared to 1.2% in August.

The final Eurostat data on inflation in the Eurozone and the European Union as a whole will be published on October 17.

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