Inflation & Prices
Euro-Zone Core Inflation Hits 1-Year Low, Backing ECB Pause
- Underlying price gains ease to 4.5% in September; est. 4.8%
- Headline gauge slows to level last seen before war in Ukraine
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Euro-area core inflation eased to its slowest pace in a year, supporting expectations that the European Central Bank will keep interest rates on hold to gauge the impact of its unprecedented campaign of hikes.
Underlying price gains, which strip out energy and food costs, came in at 4.5% in September, Eurostat said Friday. That’s down from 5.3% in August and much less than the 4.8% median estimate in a Bloomberg survey of economists.