According to Eurostat, inflation data showed the following trends in September:
- The highest contribution to the annual Eurozone inflation rate came from services (+1.76 percentage points, pp), food, alcohol, & tobacco (+0.47 pp), and non-energy industrial goods (+0.12 pp).
- Conversely, energy had a negative contribution, dropping by 0.60 pp.
- Among member states, Ireland (0%), Lithuania (0.4%), Slovenia and Italy (0.7%) had the lowest annual rates of inflation.
- Notable member states with inflation below the ECB’s 2% target included France (1.4%), Germany (1.8%), and Spain (1.7%).
- Belgium had the highest annual inflation rate at 4.3%.
Other economic indicators showed the Eurozone trade surplus narrowed from €21.2 billion in July to €4.6 billion…
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