Euro Area Annual Inflation Rises In September

Eurozone consumer price inflation accelerated in September as expected by economists, official data showed Thursday.

Annual inflation rose to 1.8% from 1.6% in August, according to a flash estimate from Eurostat. The annual rate matched economists' expectations. The European Central Bank targets inflation rates of 'below, but close to, 2%' over the medium term.

The statistical agency is slated to issue a detailed report on October 15.

The European Commission estimate 1.8% inflation in the EU and 1.4% in the euro area. The remaining slack in the economy, subdued wage growth and low inflation expectations will keep inflation in check, notwithstanding recent exchange-rate developments and weather-related price rises in some agro-commodities, the commission said.

Euro Area Annual Inflation Rises In September, RTTNews
10/2/2010 1:13:16 PM