Euro area annual inflation down to 0.3%

October 2, 2020

According to Eurostat flash estimate, “Euro area annual inflation is expected to be -0.3% in September 2020, down from -0.2% in August.”

It was noted that the main components of the estimate of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in September (1.8%, relative to 1.7% in August). This is followed by services (0.5%, compared with 0.7% in August), non-energy industrial goods (-0.3%, compared with -0.1% in August) and energy (-8.2%, compared with-7.8% in August.)

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