Inflation rate falls to 4.3 per cent

As reported by the Eurostat statistical office in Luxembourg on Wednesday following a second estimate, the inflation rate fell in September to 4.3 per cent from 5.2 per cent the previous month. Consumer prices rose by 0.3 per cent in a month-on-month comparison.

Core inflation, in which the volatile prices of energy and food are removed from the data, also receded. Here the annual rate fell in September to 4.5 per cent from 5.3 per cent in August. The biggest price-drivers were food, alcohol and tobacco. Energy prices fell further in a year-on-year comparison.