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Euro zone CPI holds steady at 1.1% in September

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Investing.com - " Consumer price inflation in the euro zone held steady in September, unchanged from a preliminary estimate, official data showed on Wednesday.

In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.1% in September, unchanged from an initial estimate and in line with expectations.

The rate remains below the European Central Bank's target of near but just below 2%.

Month-over-month, consumer price inflation rose 0.5% last month, in line with forecasts.

Core CPI, which excludes food, energy, alcohol, and tobacco costs ticked down in line with expectations to a seasonally adjusted 1% last month from 1.1% in August.

Following the release of that data, the euro remained marginally higher against the U.S. dollar, with EUR/USD rising 0.08% to trade at 1.3535.

Meanwhile, European stock markets held on to losses. The EURO STOXX 50 dipped 0.2%, France's CAC 40 shed 0.65%, Germany's DAX inched down 0.1%, while London's FTSE 100 eased down 0.4%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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