Consumer price growth in the euro zone slipped again in September, according to official data released on Tuesday, piling yet more pressure on policymakers at the European Central Bank (ECB).
The flash figure for the 18 nations that share the single currency came in at 0.3 percent this month compared to the same period the year before, meeting estimates in a Reuters poll but falling below August’s reading of 0.4 percent. It marked the worst reading since October 2009 when – after the global financial crash of 2008 – consumer prices in the euro zone posted negative growth.
The euro fell sharply against the dollar on the news, hitting 1.2627 after closing at 1.2684 in Monday’s session. The euro hit a new two-year low against the greenback and a 26-month low against sterling.
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