In September, inflation in the Eurozone dropped below 2% for the first time since April 2021, with consumer prices rising by 1.8% compared to the previous year, according to Eurostat. This marks a decline from August’s inflation rate of 2.2%, bringing inflation slightly below the European Central Bank’s target of 2%. The fall in inflation is largely due to a 6% year-on-year decrease in energy prices, although service prices increased by 4%. The ECB aims to maintain an inflation rate of around 2% in the medium term.
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