Eurozone inflation eases, largely due to cheaper energy

Published October 1, 2019, 5:25 PM

by Francine Ciasico

By the Associated Press 

BRUSSELS — Inflation in the 19-country eurozone eased in September, largely due to cheaper energy prices.
Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in September from 1.0% in August.

Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst / MANILA BULLETIN)
Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst / MANILA BULLETIN)

Low inflation can be a sign of economic weakness and has been a concern for officials at the European Central Bank, whose goal is to have inflation of just under 2% and in September launched a new round of monetary stimulus.

The drop in inflation in September, however, is largely due to volatile items like energy and a smaller annual increase in the price of food, alcohol and tobacco. Excluding those items, annual inflation edged up to 1.0% from 0.9%.

 
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Eurozone inflation eases, largely due to cheaper energy

Published October 1, 2019, 12:00 AM

by manilabulletin_admin

By the Associated Press 

BRUSSELS — Inflation in the 19-country eurozone eased in September, largely due to cheaper energy prices.
Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in September from 1.0% in August.

Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst /  MANILA BULLETIN)
Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst / MANILA BULLETIN)

Low inflation can be a sign of economic weakness and has been a concern for officials at the European Central Bank, whose goal is to have inflation of just under 2% and in September launched a new round of monetary stimulus.

The drop in inflation in September, however, is largely due to volatile items like energy and a smaller annual increase in the price of food, alcohol and tobacco. Excluding those items, annual inflation edged up to 1.0% from 0.9%.

 
CLICK HERE TO SIGN-UP
 

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