The slowdown in price increases below the 2% threshold is confirmed. The inflation rate in the euro zone for the month of September was revised downward by Eurostat on Thursday, to 1.7% compared to 1.8% initially estimated and 2.2% in August. Over one month, prices fell by 0.1% according to these final figures from the European Statistics Institute.
Core inflation, which excludes volatile items such as food, energy, alcohol and tobacco, is on the other hand in line with Eurostat’s first estimate. It stood at 2.7% last month, after 2.8% in August and 2.9% in the previous three months.
These figures are likely to push the European Central Bank to reduce its rates again during its meeting scheduled for this Thursday early in the afternoon.
On the rates market, however, the yields on ten-year French and German sovereign bonds reacted little to these indicators. At the end of the morning of October 17, the OAT rose by 4.3 basis points (bp), to 2.95%, and the Bund gained 3.4 bps, to 2.21%.
Across the entire European Union, the annual inflation rate in the European Union stood at 2.1% in September 2024, compared to 2.4% in August. A year earlier, it was 4.9%. Compared to August 2024, annual inflation fell in twenty Member States, remained stable in two and increased in five others.
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