Euro Zone Annual Inflation Confirmed at 2.1% in September

Euro Zone Annual Inflation Confirmed at 2.1% in September

Investing.com  | Oct 17, 2018 10:05

The euro zone CPI rose 2.1% as expected.

Investing.com - Euro zone consumer prices for September were unrevised on Wednesday, confirming expectations that the European Central Bank will unwind its asset purchase program later this year.

The bloc’s statistics agency Eurostat said its consumer price index rose 2.1% in September from the same month a year earlier.

Consumer prices Irose 0.5% from a month earlier.

Core inflation, which excludes energy, food, alcohol and tobacco prices, rose to an annual rate of 0.9%.

The core figure was up by 0.4% from a month earlier.

The ECB targets a headline inflation rate of close to, but just below 2%. The ECB meets next week and is expected to keep interest rates on hold.

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