Mexican Media Brands
Eurozone Inflation in October: 0.1%
Economic inflation in the eurozone improved from -0.1% in September to +0.1% in October, according to Eurostat.
#economics
Share
Economic inflation in the eurozone improved from -0.1% in September to +0.1% in October, according to Eurostat. The EU’s statistical agency previously estimated October’s inflation at zero.
The upwardly revised rate reflects a smaller drop in energy costs and a larger increase in food prices, according to the agency.
But October’s rate compares with +0.4% a year ago and remains far below the 2% growth the European Central Bank considers healthy. Thus economists expect the bank will move ahead with new economic stimuli next month to avoid allowing the eurozone to slide into a prolonged and dangerous deflationary spiral.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.