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International Business Times
International Business Times
Business
Raziye AKKOC

Eurozone Inflation Falls Under 2% For First Time Since 2021

The annual rate of inflation for the 20-country eurozone was the lowest since April 2021 (Credit: AFP)

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.

Year-on-year consumer price increases in the single currency area slowed to 1.8 percent in September, down from 2.2 percent in August, thanks to falling energy costs.

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