Home breadcru News breadcru Economics breadcru  | Euro area sees inflation rate drop to 4.3% in Sept 2023

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Euro area sees inflation rate drop to 4.3% in Sept 2023

04 Oct '23
1 min read
Pic: Shutterstock/New Africa
Pic: Shutterstock/New Africa

Insights

  • The annual inflation rate in the euro area will decrease to *.* per cent in September 2023, down from *.* per cent in August.
  • The annual inflation rate for non-energy industrial goods is expected to drop from *.* per cent in August to *.* per cent in September.
  • Meanwhile, energy prices are also expected to experience a downward trend.

Looking at the main components of euro area inflation, September’s annual rate for non-energy industrial goods stood at *.* per cent, compared with *.* per cent in August, and energy at -*.* per cent, compared with -*.* per cent in August, Eurostat, the statistical office of the European Union, said in a press release.

Annual inflation rate in the euro area saw a slight reduction from *.* per cent in July to *.* per cent in August ****, a substantial decrease from the *.* per cent documented in August ****.

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