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Eurozone back in deflation

FXStreet (Mumbai) - As per the latest data from the Eurostat, the 17-nation currency bloc is back in deflation as prices fell 0.1% on an annual basis in September.

The cost of living as indicated by the consumer price index fell 0.1%, missing the estimated drop to 0.0% from 0.1% in August. The core inflation printed in line with the estimate at 0.9%. Food, alcohol and tobacco price inflation maintained the rising trend, printing at 1.4% in September, from 1.3% in August.

However energy prices dropped by 8.9%, dragging the headline figure below zero.

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