Euro area annual inflation is expected to be 4.3% in September 2023, down from 5.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in September (8.8%, compared with 9.7% in August), followed by services (4.7%, compared with 5.5% in August), non-energy industrial goods (4.2%, compared with 4.7% in August) and energy (-4.7%, compared with -3.3% in August). {table} The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, ... (full story)