Fresh fruit on display at a produce stall inside a covered market in central Madrid, Spain, on Wednesday, Aug. 30, 2023.
Annual inflation in the euro zone cooled to its lowest level since October 2021, falling to 4.3% in September, flash figures showed Friday.
The bank's most recent macroeconomic projections for the euro area anticipate inflation will average 5.6% this year, falling to 3.2% in 2024 and 2.1% in 2025.
Annual price rises in Germany, the biggest euro zone economy, remain well above target at 4.3%, as it also struggles with an economic contraction.
Estimates from Eurostat, the EU's statistics agency, put headline inflation harmonized across euro zone nations at 5.6% in France and 3.2% in Spain for September, as Slovakia and Slovenia suffer with inflation of 8.9% and 7.1%.
—, Francois Villeroy de
European Central Bank, ECB, CNBC, Eurostat
Madrid, Spain, Germany, France, Slovakia, Slovenia