Mexican Media Brands
Eurozone Inflation Falls to 44-Month Low
Inflation in the 17-nation eurozone declined to an annualized 1.1% in September from 1.3% in August and the lowest since January 2010, according to a flash estimate by Eurostat.
#economics
Share
Inflation in the 17-nation eurozone declined to an annualized 1.1% in September from 1.3% in August and the lowest since January 2010, according to a flash estimate by Eurostat.
The EU's statistical office says the rate for non-energy industrial goods declined to 0.4% to 0.3% over the same period.
The European Central Bank prefers to keep inflation below 2%. Economists say the sharply lower rate gives the ECB more room to further loosen monetary policy, perhaps by increasing liquidity in the banking sector. Analysts say a reduction in the current interest rate, which has been at 0.5% since May, is unlikely.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data