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
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