Research Detail
| 2023/10/06 / 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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General information
| Author | Erste Group Research |
| Date | 2023/10/06 |
| Language |  |
| Product name | Week ahead |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone, United States |
| Currency in focus | Euro, US Dollar |
| Sector in focus | - |
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