Euro inflation drops, again, to 3.6 per cent in September

Euro inflation drops, again, to 3.6 per cent in SeptemberBrussels - Inflation in the 15-member euro area fell to 3.6 per cent in
September, dropping for the second month in a row, according to
Eurostat's preliminary estimates Tuesday.

The European Statistical Institute does not offer a detailed breakdown
of the inflation figure in its flash estimates, which have been shown
to be reliable despite being based on early price information.

Euro area inflation had fallen to 3.8 per cent in August, thanks in part to an easing off of food and oil prices.

The latest data appears to confirm expectations that the prolonged rise
in European consumer prices may have peaked over the summer.

The European Commission has predicted an annual average inflation rate of 3.6 per cent for the eurozone. (dpa)

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