Eurozone inflation retreats to 3.6% in September
Annual inflation in the euro zone fell to 3.6 percent in September, retreating from its record highs in the previous months, the European Union (EU)'s statistics bureau Eurost at estimated Tuesday. Pushed by hiking oil and food prices, the eurozone inflation has been on increase in the past year. It peaked at 4.0 percent in June and July, the highest since the European Central Bank (ECB) started 12 years ago collecting inflation data for the countries which began to use the euro in 1999. Analysts said the easing of price pressure in the euro zone was mainly due to recent drops of oil prices, but the figure remained too high for the 15-nation bloc sharing the same currency, which is facing increasing risk of recession.