Eurozone consumer prices fell this month by more than economists had expected, data showed on Wednesday, but are seen growing again in year-on-year terms in November. The expected rebound in November is due to the impact in year-ago comparisons of the steep fall in oil prices after the collapse of Lehman Brothers in September 2008.
Prices in the 16-country area fell 0.3 percent year-on-year in September, the European Union statistics office said in an estimate released in Luxembourg. They had dipped 0.2 percent in August, 0.7 percent in July and 0.1 percent in June. Economists polled by Reuters had on average expected a 0.2 percent fall in September.