Eurozone prices dip in September
Eurozone consumer prices fell more than expected in September, reinforcing expectations the European Central Bank will not raise interest rates in spite of a nascent recovery. Prices fell 0.3 per cent year-on-year last month, having dipped 0.2 per cent in August and 0.7 per cent in July. Economists said there remained a risk of a sustained period of deflation in the future despite this month’s fall being caused by temporary energy effects.
Eurozone prices dip in September
Eurozone consumer prices fell more than expected in September, reinforcing expectations the European Central Bank will not raise interest rates in spite of a nascent recovery. Prices fell 0.3 per cent year-on-year last month, having dipped 0.2 per cent in August and 0.7 per cent in July. Economists said there remained a risk of a sustained period of deflation in the future despite this month’s fall being caused by temporary energy effects.