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Eurozone Inflation Drops to 5-Year Low
Inflation in the eurozone slid to 0.3% in September from 0.4% in August, according to Eurostat.
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Inflation in the eurozone slid to 0.3% in September from 0.4% in August, according to Eurostat.
September's rate is the lowest since October 2009, raising concerns that the region could slip into a dangerous deflationary spiral.
Economists say this month's slowdown puts new pressure on the European Central Bank, which dropped its benchmark lending rate to 0.05% only four weeks ago, to take stronger steps to stimulate the eurozone's economy.
Eurostat says September's weakening was driven by year-on-year declines of 2.4% in energy prices and 0.9% for unprocessed food.
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