Eurozone annual inflation down to 0.3%

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Euro area annual inflation is expected to decline from 0.4% in August to 0.3% in September, compared to 1% in September 2013, Eurostat released.

The decline in price levels is again largely triggered by energy prices, which dropped by 2.4%, while the prices of non-energy industrial goods remained relatively stable and the price of services increased by 1.1%.

The release contributed to a weakening of the euro, which fell below the 1.26 exchange rate to the dollar, amid expectations of further liquidity measures to be announced by the ECB.

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