Decline in consumer prices in the euro zone and the EU as well
Consumer prices in the Eurozone fell for the first time in six months by an annual 0.1 percent in September, pushed down by energy prices and matching preliminary estimates.
The inflation rate has been below the ECB's 2 percent target since February of 2013. Inflation Rate in the Euro Area averaged 2.09 percent from 1991 until 2015, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009. Inflation Rate in the Euro Area is reported by the Eurostat. (MTI)
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