Consumer prices in the euro area increased by 2% year-on-year in October, according to a report by the European Union’s statistical office, which presented preliminary data. Thus, inflation accelerated compared to September, when it was 1.7%.
The consensus forecast of analysts, as cited by Trading Economics, predicted an increase in consumer price growth in October to 1.9%.
According to preliminary data, the increase in the cost of services this month amounted to 3.9%, the same as in September, the growth in prices for food, alcohol and tobacco products accelerated to 2.9% from 2.4%. Industrial products went up by 0.5% in October (+0.4% in September), while energy prices fell by 4.6% (-6.1% in September).
Consumer prices excluding food and energy (CPI Core) increased by 2.7%, the same as a month earlier. Experts had expected a slowdown to 2.6%.
Consumer prices in the euro area in October rose by 0.3% compared to the previous month. In September, they declined by 0.1% in monthly terms.
Source: http://relocation.com.ua/spozhyvchi-tsiny-v-ievrozoni-v-zhovtni-zbilshylysia-na-2/
