Eurozone: Annual Inflation Falls to 1.8%

Eurozone inflation fell in September 2024. According to the European Statistical Office (Eurostat), annual inflation is expected to be 1.8%. Below the coveted 2% target indicated by the ECB, which favors another rate cut in the near future. The figure for September 2024 will be down from 2.2% in August.

As for the components of inflation, it fell for services (4.0% vs. 4.1% in August) and increased for food, alcohol, and tobacco (2.4% vs. 2.3% in August). However, inflation relating to manufactured goods is stable (0.4%), while energy continues to decline, from -3% in August to -6% in September.

In terms of individual countries, Belgium peaks with an annual inflation rate of 4.5%, followed by the Netherlands (3.3%), Estonia (3.2%), Greece, and Croatia (3%). The economies of Ireland (0.2%), Lithuania (0.4%), Slovenia (0.7%), Finland, Luxembourg, and Italy (0.8%) have the lowest rates. Germany registered 1.8%, France 1.5%, and Spain 1.7%.