Eurozone inflation turned negative in September for the first time in six months, flash data from Eurostat showed Wednesday.
Consumer prices fell unexpectedly by 0.1 percent year-on-year in September, offsetting a 0.1 percent rise in August. Economists had forecast prices to remain flat.
The European Central Bank’s targets to bring inflation to ‘below, but close to, 2 percent over the medium term’.
Excluding energy, food, alcohol and tobacco, core inflation remained unchanged at 0.9 percent in September. The rate came in line with expectations.
Final data is due on October 16.
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