Eurozone Inflation Accelerates in September

Eurozone inflation accelerated as estimated in September to the highest level since late 2014, final data from Eurostat showed Monday.

Inflation rose to 0.4 percent from 0.2 percent in August. A similar high rate was last seen October 2014.

The annual rate matched the preliminary estimate published on September 30.

Nonetheless, headline inflation has been below the European Central Bank’s target of ‘below, but close to 2 percent’ since early 2013.

Core inflation that excludes energy, food, alcohol and tobacco, held steady at 0.8 percent in September.

On a monthly basis, consumer prices gained 0.4 percent in September.

via RTT

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza