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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.
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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.
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