Eurozone September Inflation Rate Confirmed at 1.5%

Consumer prices in the Euro Area increased by 1.5 percent year-on-year in September 2017, the same pace as in the previous month and in line with the preliminary estimate. Food prices rose further while cost of services and energy increased at a softer pace.

Year-on-year, unprocessed food prices jumped 1.5 percent after rising by 0.6 percent in August. Meanwhile, inflation was flat for processed food, alcohol and tobacco (at 2 percent) and non-energy industrial goods (at 0.5 percent), but slowed for energy (3.9 percent from 4 percent) and services (1.5 percent from 1.6 percent).

Among Eurozone's largest economies, the highest annual rates was registered in Germany (1.8 percent) and Spain (1.8 percent), followed by Italy (1.3 percent) and France (1.1 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1.1 percent, compared with 1.2 percent in August.

On a monthly basis, consumer prices rose 0.4 percent, in line with market consensus and following a 0.3 percent gain in August.

Eurozone September Inflation Rate Confirmed at 1.5%

Eurostat | Joana Ferreira |
10/17/2017 9:25:28 AM