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Inflation slump could presage more eurozone stimulus

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FRANKFURT – Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will add to its emergency stimulus efforts to cushion the impact of the pandemic on the economy.The consumer price index was down 0.3% in September, even lower than the minus 0.2% figure in August, according to official figures released Friday by the European Union statistics agency, Eurostat.

Excluding volatile food and fuel prices, inflation fell to 0.2% in September from 0.4% in August. The so-called core inflation figure is often considered the better measure of price movements in the economy as a whole.

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