Inflation in the euro zone fell to its lowest level in two years in September

Data from Eurostat showed that inflation in the euro zone fell to 4.3% in September from 5.2% in August, the slowest pace since October 2021, indicating that the European Central Bank's policy of raising interest rates succeeded in reining in prices.

Inflation excluding food, energy, alcohol and tobacco, which the European Central Bank closely monitors as a better measure of the underlying trend, fell to 4.5% in September from 5.3% in August, the largest decline since August 2020.

Inflation in France unexpectedly fell in September, with year-on-year inflation falling by 5.6% in September after rising by 5.7% in August, with food prices falling by 9.6% in September after rising by 11.2% in August.

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