According to preliminary data from Eurostat, in September 2024, inflation in the eurozone fell to 1.8% in annual terms. This is the first time since June 2021 that inflation has fallen below the European Central Bank's 2% target. In August, inflation was 2.2%, while analysts had forecast a decline to 1.9%. The growth in the cost of services slowed to 4% from August's 4.1%, food, alcohol and tobacco products rose to 2.4% from 2.3%. Industrial goods rose by 0.4%, maintaining the pace of August, and energy prices fell by 6% after a 3% drop in the previous month. Core inflation (CPI Core), excluding food and energy prices, showed a slowdown in growth to 2.7% from 2.8% in August, which was the lowest value since April 2024. Experts expected forecasts to remain at the level of 2.8%. On a monthly basis, consumer prices decreased by 0.1%. The final eurozone inflation data for September will be published on October 17.
