Inflation in the Eurozone accelerated in October.
Inflation in the Eurozone in October 2024 increased by 2% compared to the same month in 2023. Thus, inflation accelerated compared to September, when it was 1.7%.
This is evidenced by preliminary data from Eurostat, reports Financial Club.
The consensus forecast of analysts, cited by Trading Economics, anticipated an increase in October consumer price growth rates to 1.9%.
Core inflation, which excludes expenses on food and energy, increased by 2.7%, which corresponds to the September figure.
Energy prices in October of the current year decreased by 4.6% compared to a decrease of 6.1% in the previous month.
In September, the member countries of the block with the highest annual inflation rates were Belgium (4.7%), Estonia (4.5%), Croatia, and Slovakia (3.5%). The lowest were recorded in Slovenia (0%), Lithuania, and Ireland (0.1%). In Germany, consumer prices rose by 2.4%, in Italy – by 1%, in France – by 1.5%.
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