Euro zone inflation rate doubles in September as energy impact fades



The inflation rate in the euro zone doubled as expected in September as the impact of weaker energy prices diminished, although the core rate also watched by the European Central Bank was unchanged for the fourth consecutive month.
Inflation in the 19 countries sharing the euro was 0.4 percent this month from 0.2 percent in August, EU's statistics agency Eurostat said on Friday in its first estimate.
The decline in energy prices was not as steep as a month earlier, but prices of unprocessed food increased by less.
The rate was in line with market expectations from a Reuters poll of 48... read more

 
30 September 2016 in Business, Views: 30
Source: Reuters
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