Eurozone inflation falls to 1.8% in September, the lowest since 2021, with notable drops in energy and steady growth in services and essentials.
The Eurozone's annual inflation rate fell to 1.8% in September 2024, the lowest since April 2021, down from 2.2% in August and matching forecasts of 1.8%, based on preliminary estimates. Among the key components of Eurozone inflation, services registered the highest annual rate at 4.0%, a slight decrease from 4.1% in August. This was followed by food, alcohol, and tobacco, which rose to 2.4% from 2.3% in the previous month. Non-energy industrial goods remained steady at 0.4%, while energy experienced a sharper decline, dropping to -6.0% from -3.0% in August.
Source: EUROSTAT
Global markets are navigating renewed tariff uncertainty and mixed central bank signals. Trump's proposal for gradual tariff increases is supporting the euro despite persistent dollar strength, while the yen gains on strong BOJ signals amid strong domestic inflation.
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