Euro area inflation fell in September, according to preliminary data from Eurostat
October 1, 2024
Euro area annual inflation is expected to fall to 1.8% in September 2024, from 2.2% in August, according to a flash estimate by Eurostat, the statistical office of the European Union. Based on the main components of inflation, the annual rate for services is expected to remain the highest in September at 4.0%, compared with 4.1% in August. Inflation for food, alcohol and tobacco will rise slightly to 2.4% from 2.3% in the previous month. For non-energy industrial goods, inflation remains stable at 0.4%. Energy inflation, however, shows a significant decline to -6.0% in September from -3.0% in August.