The clear slowdown in inflation confirmed in October in the euro zone

(Boursier.com) — Inflation did indeed slow significantly in the euro zone in October. According to final data from Eurostat, the annual inflation rate stood at 2.9% last month, compared to 4.3% in September. The lowest annual rates were observed in Belgium (-1.7%), the Netherlands (-1.0%) and Denmark (-0.4%), and the highest in Hungary (9. 6%), in the Czech Republic (9.5%) and Romania (8.3%). In October the largest contributions to the euro zone’s annual inflation rate came from services (+1.97 percentage points, pp), followed by food, alcohol & tobacco (+1.48 pp), goods industrial sectors excluding energy (+0.90 pp) and energy (-1.45 pp), details Eurostat. Over one month, consumer prices showed a slight increase of 0.1%.

Annual ‘core’ inflation stands at 4.2% compared to 4.5% in September.