According to Jinshi.com, the eurozone's inflation rate fell below the European Central Bank's target for the first time in more than three years, indicating that the long-term efforts to control price increases are coming to an end.

Data showed that the euro area's CPI rose 1.8% year-on-year in September, lower than 2.2% in August. This is the first time since June 2021 that the annual inflation rate has fallen below the ECB's 2% target.

Core inflation, which excludes volatile energy and food prices, fell slightly to 2.7% from 2.8% a month earlier.

ECB President Christine Lagarde previously said that inflation could rise again in the final months of the year as the base effect of energy weakens.