Euro Zone CPI eases down to 1.7% on the year

Inflation for September in the Euro Zone has grown 1.7%, slightly lower than the 1.8% previously estimated by the Eurostat, the European Statistics Office.This is the lowest inflation rate since March 2004, substantially lower than the previous month’s 2.3% growth, this reading marks the third straight month on decline for the inflation.Consumer prices remained unchanged in September, when comparing with August. An inflation below the key 2% mark may make it more difficult for the European Central Bank to justify another interest rate hike.