Low energy costs ensure eurozone inflation dips

Eurozone inflation slowed further as expected in September because of falling prices of unprocessed food and energy, a first estimate by the EU’s statistics office showed yesterday.

Eurostat said consumer prices in the 18 countries sharing the euro rose 0.3%, year-on-year, slowing from 0.4% annualised increases in August and July.

The move was in line with market expectations, according to polling data. Unprocessed food prices fell 0.9%, year-on-year, in September and energy was down 2.4%.