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06.10.2023 / Erste Group Research

Inflation down significantly in September

In September, Eurozone inflation fell substantially to 4.3% y/y (previously 5.2% y/y). Encouragingly, the core inflation rate and service provider inflation in particular fell significantly, having previously remained at high levels. In addition, the pace of food and energy inflation slowed further.

In October and November, due to high comparative values from the previous year, the downward pressure of energy prices on inflation should again increase slightly. In the case of food prices, the downward pressure on inflation will also increase further in the coming months. Based on these developments, we expect Eurozone inflation to continue to fall to a level of around 3.5% y/y by the end of the year.


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Základní informace

AutorErste Group Research
Datum06.10.2023
Jazyken
Název produktuWeek ahead
Hlavní témaMakro/Úrokové sazby
Zaostřeno na ekonomikuEurozóna, Spojené Státy
Zaměřeno na měnuAmerický dolar, Euro
Zaměřeno na sektor-
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