🧵 1. Eurozone inflation falls to lowest since Oct 2021. Annual rate slows to 4.3% in Sept, bringing relief to households grappling with high prices. #finance
🧵 1. Eurozone inflation falls to lowest since Oct 2021. Annual rate slows to 4.3% in Sept, bringing relief to households grappling with high prices. #finance
🧵 3. Slowing inflation strengthens hopes that ECB won't raise interest rates. Recent forecasts revised upwards for 2023 (5.6%) and 2024 (3.2%), driven by energy prices.
🧵 4. Germany's inflation falls to 4.3% in Sept from 6.4% in Aug, while Spain's increases to 3.2% from 2.4%. France sees unexpected slowdown in inflation.
🧵 5. High prices have hindered the European economy. Stagnant growth and indicators pointing to a downturn in Q3. Inflation linked to global economic factors.
🧵 Read more at: https://www.euronews.com/2023/09/29/eurozone-inflation-falls-to-lowest-level-since-october-2021
🧵 2. Core inflation drops to 4.5% from 5.3%, exceeding expectations. Energy prices decline by 4.7%, while food price inflation remains high at 8.8%.
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