Sinking more – a long way to go though.
The euro area’s inflation rate unexpectedly turned negative in September for the first time in six months, adding pressure on the European Central Bank to bolster stimulus.
Consumer prices in the 19-nation currency bloc fell 0.1 percent from a year earlier, according to a preliminary report published by the European Union’s statistics office in Luxembourg on Wednesday.
Economists predicted an inflation rate of zero, according to the median estimate of 38 economists in a Bloomberg survey.
Unemployment in the region remained unchanged in August at 11 percent, Eurostat said in a separate release.