Eurozone Inflation Rises In September

Eurozone Inflation Rises In September

Eurozone inflation accelerated in September on food and energy prices, flash data from Eurostat showed Friday.

Inflation rose marginally to 2.1 percent, in line with expectations, from 2 percent a month ago.

The European Central Bank targets «below, but close to 2 percent» inflation.

Core inflation that excludes food, alcohol and tobacco, slowed unexpectedly to 0.9 percent from 1 percent in August. The core rate was expected to edge up to 1.1 percent.

Food, alcohol and tobacco prices advanced 2.7 percent in September, following a 2.4 percent rise in August. Likewise, the increase in energy cost increased to 9.5 percent from 9.2 percent.

Non-energy industrial goods prices logged a steady growth of 0.4 percent. Similarly, services cost gained 1.3 percent, the same rate as seen in August.

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