Europe is finally starting to get some inflation
|09/30/2016||Posted by BusinessMediaguide.Com under General World News||
Inflation in the eurozone is finally starting to pick up, according to the latest preliminary inflation figures released by Eurostat on Friday morning.
Consumer price inflation, the key measure of price growth, came in at 0.4% year-on-year in September, matching the forecasts of economists polled before the release.
That represents a doubling in price growth from August, when inflation sat at just 0.2%
On a year-to-year basis core consumer prices grew by 0.8%, against a forecast of 0.9%, and a previous reading of the same number, disappointing against forecasts.
Core prices are an important measure because they strip out the most volatile items read more >>>