Euro Area Inflation Rate Confirmed at 1.4%

Consumer prices in the Euro Area increased 1.4 percent year-on-year in October of 2017, below 1.5 percent in September and in line with preliminary estimates. It is the lowest rate in 3 months.

A slowdown was seen for energy (3 percent compared to 3.9 percent in September); non-energy industrial goods (0.4 percent compared to 0.5 percent) and services (1.2 percent compared to 1.5 percent). On the other hand, prices increased more for food, alcohol and tobacco (2.3 percent compared to 1.9 percent). 

Annual core inflation, which excludes cost of energy, food, alcohol and tobacco was 0.9 percent, down from 1.1 percent in September and matching earlier figures. Excluding energy only, inflation edged down to 1.2 percent from 1.3 percent. 

On a monthly basis, consumer prices increased 0.1 percent. 

Euro Area Inflation Rate Confirmed at 1.4%

Eurostat |Joana Taborda |
11/16/2017 11:42:19 AM