According to Eurostat, inflation in the Eurozone has gradually decreased after peaking at 10.6% in October 2022 due to the conflict in Ukraine affecting the economy of the entire Europe.
People shop at a supermarket in Berlin, Germany.
On September 29, the European Union Statistical Agency (Eurostat) said that September inflation in the Eurozone fell to near its lowest level in the past 2 years.
Eurostat data shows that Eurozone consumer prices increased by 4.3% over the same period last year, the lowest level since October 2021.
This parameter is lower than the forecast of 4.5% given by many analysts, but still higher than the 2% target of the European Central Bank (ECB).
EURUSD SELL 1.0560- 1.0570 🔽🔽
✔️ TP: 1.0560
❌ SL: 1.0620
People shop at a supermarket in Berlin, Germany.
On September 29, the European Union Statistical Agency (Eurostat) said that September inflation in the Eurozone fell to near its lowest level in the past 2 years.
Eurostat data shows that Eurozone consumer prices increased by 4.3% over the same period last year, the lowest level since October 2021.
This parameter is lower than the forecast of 4.5% given by many analysts, but still higher than the 2% target of the European Central Bank (ECB).
EURUSD SELL 1.0560- 1.0570 🔽🔽
✔️ TP: 1.0560
❌ SL: 1.0620
According to Eurostat, core inflation (excluding energy, food, alcoholic beverages and tobacco prices) decreased from 5.3% in August to 4.5% in September. Energy prices also followed a downward trend with a decrease of 4.7% in September.