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Eurozone Inflation Hits Three-Year Low

Writer's picture: OurStudioOurStudio

Eurozone inflation is running at its lowest rate in more than three years.

Consumer price inflation fell to an annual rate of 1.1% in September from 1.3% in August according to Europe's statistics agency Eurostat.

A fall in energy prices helped to ease inflation. Price rises in food, alcohol and tobacco moderated, also helping.

Economists say slowing inflation gives the European Central Bank (ECB) more freedom to help the eurozone's weak economic recovery.

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