Investing.com - Consumer price inflation in the euro zone held steady in September, unchanged from a preliminary estimate, official data showed on Wednesday.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.1% in September, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer price inflation rose 0.5% last month, in line with forecasts.
Core CPI, which excludes food, energy, alcohol, and tobacco costs ticked down in line with expectations to a seasonally adjusted 1% last month from 1.1% in August.
Following the release of that data, the euro remained marginally higher against the U.S. dollar, with EUR/USD rising 0.08% to trade at 1.3535.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 dipped 0.2%, France’s CAC 40 shed 0.65%, Germany's DAX inched down 0.1%, while London’s FTSE 100 eased down 0.4%.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.1% in September, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer price inflation rose 0.5% last month, in line with forecasts.
Core CPI, which excludes food, energy, alcohol, and tobacco costs ticked down in line with expectations to a seasonally adjusted 1% last month from 1.1% in August.
Following the release of that data, the euro remained marginally higher against the U.S. dollar, with EUR/USD rising 0.08% to trade at 1.3535.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 dipped 0.2%, France’s CAC 40 shed 0.65%, Germany's DAX inched down 0.1%, while London’s FTSE 100 eased down 0.4%.