Inflated euro sign is seen outside the new headquarters of the European Central Bank (ECB) in Frankfurt, January 22, 2015.  REUTERS/Kai Pfaffenbach

Thomson Reuters

Inflated euro sign is seen outside the new headquarters of the European Central Bank (ECB) in Frankfurt

The eurozone is back in technical deflation.

Consumer prices fell by 0.1% in the year to September, according to figures released on Wednesday Eurostat.

Analysts were expecting inflation to fall back to 0%, with no change whatsoever from September last year. In August, prices rose 0.1% on 12 months earlier.

Core inflation is one of the measures being watched most closely at the moment, since it strips out energy prices. That’s running at 0.9%, unchanged from August.

The European Central Bank has an inflation target of close to but just below 2%, and however you measure it, that’s nowhere near being reached.

Unemployment for August was released at the same time, increasing back to a painfully high 11%, from 10.9% in July.

However, joblessness has declined over the longer term, with the unemployment rate slowly ticking down from 12.2% this time two years ago.

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http://www.businessinsider.my/eurozone-september-inflation-data-and-august-unemployment-rate-2015-9/

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