Eurozone: Inflation moderates in October
November 15, 2012
According to detailed figures for October, consumer prices rose 0.2% over the previous month, which was well below the 0.7% rise recorded in September. As a result of the subdued monthly rise, annual headline inflation inched down from 2.6% in September to 2.5% in October. The core inflation index, which does not include prices for energy, rose 0.3% over the previous month (September: +0.7% month-on-month). However, annual core inflation was unchanged at September's 1.6%. At a country level, 12 out of the 17 Eurozone economies posted annual inflation rates equal or above the regional average. Estonia (4.2%) and Slovakia (3.9%) recorded the highest annual inflation rates. At the other end of the spectrum, inflation was lowest in Greece (0.9%), Ireland, France, Germany and Portugal (all at 2.1%). Among the other major Eurozone economies, inflation was above the regional average in Italy (2.8%) and Spain (3.5%).
Author: Armando Ciccarelli, Head of Data Solutions