Eurozone inflation up 0.4% in September, as expected

Inflation in the eurozone was confirmed at 0.4% for September, up from 0.2% in August and in line with expectations, according to data from Eurostat.

Year-on-year inflation also came in at 0.4%, as forecast.

Excluding energy and unprocessed food items, eurozone prices rose 0.4% on the month and 0.8% on the year.

For the European Union, inflation was also 0.4%, up from 0.3% the month before.

The biggest upward impacts to eurozone annual inflation came from restaurants and cafes and rents and tobacco, while fuels for transport, gas and heating oil had the biggest downward impact.

Food, alcohol and tobacco prices were up 0.7% compared to a 1.3% increase in August, while energy prices fell 3% compared to a 5.6% drop the month before.

The lowest annual rates were recorded in Bulgaria, Croatia and Slovakia, with the highest rates seen in Belgium, Estonia and Austria.