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Euro Zone Inflation Picks up to 2.2% in September
Eurozone inflation rose to 2.2% in September driven by higher services prices and smaller energy cost declines, while core inflation remained steady at 2.3%, Eurostat reported.
- Eurostat's fresh data today showed eurozone inflation rose to 2.2% last month from 2% in August.
- Higher services prices, together with a smaller energy drop, pushed inflation up last month amid weak industry, investment and household consumption indicating a broader slowdown.
- Core inflation excluding food and fuel held steady at 2.3% despite a pick up in services inflation, Eurostat data showed last month.
- Some policymakers at the European Central Bank say last month's figure argues against easing rates further, and the bank is almost certain to keep rates on hold on October 30, while financial investors price only a small chance of another rate cut later this year.
- Looking to next year, the ECB expects rates at 1.7%, with Lagarde saying `As we can model the future, the risks to inflation appear quite contained in both directions.
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29 Articles
Growth Softens, Prices Don’t: Why Europe’s Data Still Point To Caution
The headline: Europe’s inflation is not melting away, but its factories are losing steam. That awkward mix keeps pressure on the European Central Bank (ECB) to move slowly on rate cuts and leaves investors weighing growth risks against sticky services prices. The facts. In September, euro-area inflation rose to 2.2% year on year from 2.0% […]
·Brazil
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The preliminary estimate also shows that on a monthly basis inflation recorded a change of +0.1 per cent
·Milan, Italy
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According to the first estimate by the European statistical office Eurostat, annual inflation in the previous month was 2.2 percent, which is 0.2 percentage points more than in August. In Slovenia, it remained above the euro average at 2.7 percent.
Coverage Details
Total News Sources29
Leaning Left4Leaning Right3Center2Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 22%
R 33%
Factuality
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