Inflation expected to turn negative for September

Euro area annual inflation is expected to be 0.9% in September 2019, down from 1.0% in August according to a flash estimate from Eurostat, the statistical office of the European Union. In Cyprus inflation is expected to turn negative at -0.5% for September, down from 0.6% in August and 1.7% in September 2018. In Greece inflation is expected to increase to 0.3%, up from 0.1% in August, while a year earlier it was 1.1%.

Looking at the main components of euro area inflation, food, alcohol & tobacco are expected to have the highest annual rate in September (1.6%, compared with 2.1% in August), followed by services (1.5%, compared with 1.3% in August), non-energy industrial goods (0.3%, stable compared with August) and energy (-1.8%, compared with -0.6% in August).