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EU's annual inflation slips to 4.9% in September 2023

21 Oct '23
1 min read
Pic: Adobe Stock/oraziopuccio
Pic: Adobe Stock/oraziopuccio

Insights

  • In September 2023, the euro area experienced a decline in its annual inflation rate to *.* per cent, compared to *.* per cent a year earlier.
  • The EU's annual inflation also dropped to *.* per cent from *.* per cent in August and *.* per cent from the previous year.
  • Inflation fell in ** member states, stayed the same in * one, and increased in * five.

The lowest annual rates were registered in the Netherlands at -*.* per cent, Denmark at *.* per cent, and Belgium at *.* per cent. The highest annual rates were recorded in Hungary at **.* per cent, Romania at *.* per cent, and Slovakia at *.* per cent. Compared with August, annual inflation fell in ** member states, remained stable in one and rose in five, according to Eurostat, the statistical office of the EU.

In September ****, the contributions of non-energy industrial goods and energy to the annual euro area’s inflation rate were *.** percentage points (pp) and -*.** pp, respectively.

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