Eurozone inflation accelerated to 2 percent in October

By: Trademagazin Date: 2024. 11. 01. 11:22

On an annual level, the increase in consumer prices in the euro zone accelerated to 2 percent in October from 1.7 percent in September, the EU’s statistical office, Eurostat, announced on Thursday as non-final data.

The average of analysts’ expectations was 1.9 percent October inflation.

Consumer prices rose by 0.3 percent compared to September, when they had fallen by 0.1 percent.

The annual core inflation in the euro area, calculated without the price of energy, food, alcohol and tobacco products, was 2.7 percent in October, as in September.

The decrease in energy prices slowed to 4.6 percent from the 6.1 percent fall in September. The annual price increase of non-energy industrial products accelerated to 0.5 percent from 0.4 percent in September. The annual price increase of food, alcohol and tobacco products was 2.9 percent in October, following 2.4 percent in the previous month. Services rose in price by 3.9 percent in October, as in September.