Eurozone Inflation Slows in October

Analysis

Image by Shutterstock.com

Euro area inflation accelerated further in October, albeit at a slightly slower than initially estimated pace, final data from Eurostat shows.

Annual inflation rose to 10.6% in October from 9.9% in September. In the same month last year, prices had advanced only 4.1%.

Although the annual rate was revised down from the initial estimate of 10.7%, it was the highest on record.

Core inflation that excludes energy, food, alcohol & tobacco, increased to 5% from 4.8% a month ago.

On a monthly basis, the harmonized index of consumer prices moved up 1.5% in October, as initially estimated.

Within the HICP, the biggest annual price growth was registered by energy, up 41.5%.

This was followed by a 13.1% rise in food, alcohol and tobacco prices.

Non-energy industrial goods prices and services cost grew 6.1% and 4.3%, respectively. 

ADVERTISEMENT

Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.