Eurozone inflation edges down.

Eurozone flash CPI has slipped to a 3 1/2 year low of +1.1% on year in September from +1.3% in August and come in below consensus of +1.2%. Food, alcohol and tobacco have experienced the highest rate of inflation, while energy prices have fallen. The CPI reading is well below the ECB's target of just under 2%, possibly giving the bank room to ease monetary policy further to help boost the eurozone's weak economy.