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%.
Read also
- North Korea to send 25 thousand workers to Russia: what does it want in return
- The Ministry of Internal Affairs explained how they identify Russian soldiers among the transferred bodies of the deceased
- Ukrainian developers submitted 42 projects for the NATO competition against FPV drones on fiber optics
- Putin outlined conditions for a meeting with Zelensky: what nuances the dictator spoke about
- The Defense Forces assessed the threat of an enemy landing operation on the coast of Odessa
- Military explains why Russians significantly intensified their offensive in the Novopavlivka direction
