Reviews Inflation in the euro area also negative in September

13:15  02 october  2020
13:15  02 october  2020 Source:   de.reuters.com

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Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Eurostat. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

Core Inflation Rate in the Euro Area averaged 1.38 percent from 1997 until 2020, reaching an all time high of 2.60 percent in March Core Inflation Rate in Euro Area is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Frankfurt (Reuters) - Consumer prices in the euro area fell again in September.

European Union flags flutter outside the European Commission headquarters in Brussels © Reuters / YVES HERMAN European Union flags flutter outside the European Commission headquarters in Brussels

They fell by 0.3 percent within a year, as the European statistical agency Eurostat announced on Friday after an initial estimate. The fall in prices was mainly driven by energy. In August consumer prices were down 0.2 percent. It was the first time since 2016 that inflation slipped into the red. For the European Central Bank (ECB), this is likely to increase concerns. For this year it is only assuming an inflation rate of plus 0.3 percent. The monetary authorities are aiming for just under two percent inflation as the optimum value for the economy. But this mark has been missed for years.

Energie was 8.2 percent cheaper in September. The prices of non-energy industrial goods fell 0.3 percent. In contrast, unprocessed foods in particular became more expensive. They cost 3.1 percent more than a year ago. Services rose by 0.5 percent.

ECB President Christine Lagarde recently complained that the central bank was not satisfied with the situation and that its inflation target of almost two percent would be missed. However, it has proven in the past that it can successfully sharpen its instruments.

New colors and V2 with Euro 5 - Suzuki SV 650 in model year 2021 .
The SV 650 is one of Suzuki's bestsellers in the model range. For 2021 there are still no upgrades other than Euro 5 and new colors. © Suzuki The Japanese motorcycle manufacturer Suzuki knows how to preserve it - no matter how you want to interpret it. The Suzuki SV 650 retains its values ​​for the 2021 model year and is virtually unchanged over the turn of the year. In order to survive beyond 2021, the Japanese have raised the V2 over the Euro 5 hurdle. The performance data remain unchanged.

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