Central Banks
Euro-Zone Inflation Revised Down for September, Backing ECB Cut
- Consumer prices rose 1.7%, rather than 1.8%, Eurostat says
- Readings for core and services gauges were also lowered
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Euro-area inflation slowed more than initially reported – cementing the case for a second straight interest-rate cut by the European Central Bank.
Consumer-price growth moderated to 1.7% in September from 2.2% the previous month, Eurostat reported Thursday. The initial estimate was 1.8%.