Eurozone prices dip in September

Eurozone consumer prices fell more than expected in September, reinforcing expectations the European Central Bank will not raise interest rates in spite of a nascent recovery. Prices fell 0.3 per cent year-on-year last month, having dipped 0.2 per cent in August and 0.7 per cent in July. Economists said there remained a risk of a sustained period of deflation in the future despite this month’s fall being caused by temporary energy effects.