Eurozone Inflation Falls Sharply to 1.1%: Eurostat
Annual inflation in the 17-nation eurozone fell sharply to 1.1 percent in September after a 1.3 percent drop in August, according to a first estimate on Monday by the Eurostat data agency.
A strong drop in energy prices, which decreased 0.9 percent after 0.3 percent in August, largely contributed to the new fall in inflation, which a year ago stood at 2.6 percent.
If confirmed, this would be the lowest inflation rate in 43 months. Eurozone inflation had hit a 38-month low of 1.2 percent in April but then picked up as the economy recovered from a record 18-month recession.
In September, prices of food, drink and tobacco products showed the biggest increase of 2.6 percent against 3.2 percent in August, followed by services at 1.5 percent against 1.4 percent.
Source: Agence France Presse
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