Euro Inflation Drops Below ECB 2% Target

2024-10-27T09:37:07+00:00

September inflation figures show the rate of price increase in the Eurozone has fallen to 1,7% - down from 2.2% in August and bringing the rate below the ECB's 2% target. The way seems open for further cuts in the ECB interest rates to follow those already made since summer. In Ireland inflation, as measured by Eurorstat's HICP, was nil - the only case in the entire Eurozone. In terms of the CSO's CPI, the rate was a minimal 0.7% increase.