According to Eurostat data, the euro zone's annual inflation rate fell by 0.5 percentage points in September 2024 compared to August to 1.7%, while Estonia's inflation rate fell by 0.2 percentage points in the same period. However, the annual inflation rate doubled to 3.2%. , an ERR was reported on Thursday, October 17th.
Across the eurozone, Romania reported the highest inflation rate of 4.8% in the year to September, followed by Belgium (4.3%) and Poland (4.2%).
In Finland, the annual rate was 1% in September, while in Latvia it was 1.6%. Lithuania had one of the lowest interest rates at 0.4%, while Germany's interest rate was 1.8%, about the same as in the euro area.
In September, the average for the 27 European Union countries, or countries outside the euro zone, was 2.1%.
The annual inflation rate reflects changes in the price level of consumer goods and services between the current month and the same month of the previous year. Monthly inflation is the change in price levels between the current month and the previous month and is often considered a more useful indicator.
The Estonian Statistics Authority reported that the monthly interest rate in Estonia from August to September 2024 was 0.3%.
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