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Eurozone annual inflation confirmed at 1.5% in September

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Eurozone annual inflation confirmed at 1.5% in September

Harmonized annual inflation in the eurozone was 1.5% in September, unchanged from August and up from 0.4% a year earlier, in line with the preliminary estimate from Eurostat.

Inflation excluding energy and unprocessed food prices also remained stable at 1.3% in September, compared with August.

Fuels for transport contributed the most to the upward impact on the euro area annual inflation, increasing by 0.20 percentage point. Upward contribution from restaurants and cafes came in at 0.15 percentage point and that from tobacco products totaled 0.10 percentage point. Social protection had the biggest downward impact on annual inflation, totaling 0.05 percentage point.

The monthly rate of inflation was 0.4% in September.