Euro Area: Annual prices fall at sharpest pace in over four years in September

Euro Area Inflation September 2020

Euro Area: Annual prices fall at sharpest pace in over four years in September

Harmonized consumer prices fell 0.3% compared to the same period of the previous year in September, a sharper fall than August’s 0.2% decrease. Inflation thus moved further away from the European Central Bank’s target rate of near, but under, 2.0%. September’s more pronounced drop was due to sharper falls in prices for energy and for non-energy industrial goods, as well as to a softer increase in prices for services. On the other hand, prices for food, alcohol and tobacco increased at a somewhat faster clip than in August.

On a monthly basis, harmonized prices rose 0.1% in September, contrasting August’s 0.4% decrease. Core inflation, which excludes volatile energy and unprocessed foods prices, fell to 0.4% from August’s 0.6%.

A complete set of data for harmonized inflation will be released on 16 October.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest