Annual inflation in the Eurozone slipped to 2.5 percent in October, confirmed on Thursday by the European statistical office Eurostat, whose data shows a slight weakening in the European Union as well.
In September, annual inflation in the Eurozone was 2.6 percent. In the European Union, it slipped to 2.6 percent in October, down from 2.7 percent in September.
The lowest annual inflation rates in October were recorded in Greece (0.9 percent), Sweden (1.2 percent), and Latvia (1.6 percent), while the highest were in Hungary (6.0 percent), Romania (5.0 percent), and Estonia (4.2 percent). Compared to September, annual inflation fell in thirteen countries, rose in ten, and remained unchanged in four member states.
On an annual basis in October, transportation prices rose the most, by 4.1 percent, followed by alcoholic beverages and tobacco products, and housing, each by 4.0 percent. In contrast, communication service prices decreased by 3.5 percent, and prices for recreation and culture services fell by one percent. On a monthly basis, prices rose by 0.2 percent in the Eurozone and 0.3 percent in the EU in October.
In October, compared to September, clothing and education became the most expensive (each by 2.2 percent), followed by alcoholic and tobacco products (0.9 percent), while transportation prices fell the most (0.6 percent), communication services (0.4 percent), and recreation and culture services, as well as hotels and restaurants, each by 0.3 percent.
