Home
News
默认头像

Eurozone Inflation Revised Upward to 0.1%

2024-06-22OANDAOANDA
Inflation in the eurozone has been revised up to 0.1% in October by the EU’s statistics agency, Eurostat. Prices grew in vegetables, restaurants and fruit in October, while fuel prices were considerably lower than last year. It had previously given a flash estimate of a zero rate of inflation, saying falling energy prices had offset […]

Inflation in the eurozone has been revised up to 0.1% in October by the EU’s statistics agency, Eurostat.

Prices grew in vegetables, restaurants and fruit in October, while fuel prices were considerably lower than last year.

It had previously given a flash estimate of a zero rate of inflation, saying falling energy prices had offset food price growth.

Prices remain subdued, keeping pressure on the European Central Bank (ECB) to revise monetary policy.

In October, prices for vegetables rose 9.4% and fruit was 6.2% higher. Restaurant prices were up 1.5%.

The main factor that kept prices from rising further in October remained energy, the cost of which was 8.5% lower than 12 months earlier.
Of the eurozone countries, Cyprus had the lowest October annual inflation rate at -1.8%, while Malta had the highest rate at 1.6%.

Disclaimers

The article is sourced from oanda with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.