From Morningstar: 2024-10-01 07:17:00

Eurozone’s Consumer Price Index rose 1.8% in September, meeting economists’ expectations and marking a decline from previous months. Core inflation dropped to 2.7%, signaling a move in the right direction according to experts like Michael Field from Morningstar. Services, food, and non-energy goods contributed to the inflation figures.

Inflation rates in Germany, France, Spain, Italy, and the Netherlands have shown declines in September. Germany’s headline inflation dropped to 1.6%, with energy prices playing a significant role. France, Spain, and Italy also reported lower inflation rates, while the Netherlands remained at 3.5% due to high service inflation.

With the European Central Bank meeting scheduled for October 17, speculation rises about a potential interest rate cut. Following recent inflation data and hints from ECB President Lagarde, analysts believe a 25 basis points rate cut in October is likely. This would help balance risks while aligning with inflation targets and economic conditions.



Read more at Morningstar: Eurozone Inflation Drops Below 2%, Boosting Chance…