Eurozone inflation for October was confirmed at 2%, marking an increase from September’s 1.7%. The rise came after two months of slower price growth. Core inflation, which excludes volatile items like food and energy, remained steady at 2.7%. Energy prices saw a decline of 4.6% year-on-year, compared to a 6.1% drop in September. Meanwhile, the EU’s inflation rate also saw an uptick to 2.3% in October, from 2.1% in September.
Among the countries in the euro area, Slovenia recorded no inflation, while Romania had the highest rate at 5%. Monthly inflation in the eurozone rose by 0.3%, as initially reported. The figures suggest a steady inflationary trend in the region, with energy prices softening somewhat while core inflation remains stable.
NEWS DESK
PRESS UPDATE