According to a preliminary estimate from Eurostat, the statistical office of the European Union, it is anticipated that the annual inflation rate in the Euro area will decrease to 4.3% in September 2023, down from 5.2% in August. When examining the primary components of euro area inflation, it is projected that food, alcohol, and tobacco will have the highest annual rate in September (8.8%, compared to 9.7% in August), followed by services (4.7%, compared to 5.5% in August), non-energy industrial goods (4.2%, compared to 4.7% in August), and energy (-4.7%, compared to -3.3% in August).