Eurozone inflation turned negative as initially estimated in September, final data from Eurostat showed Friday.
Consumer prices fell 0.1 percent in September from prior year, offsetting a 0.1 percent rise in August. The rate matched flash estimate published on September 30.
The ECB 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 core rate also matched preliminary estimate.
On a monthly basis, consumer prices rose 0.2 percent in the euro area and by 0.1 percent in EU.
Consumer prices in the European Union decreased 0.1 percent from a year ago after staying flat in August.
The material has been provided by InstaForex Company – www.instaforex.com