Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020
News Every Day |

Euro zone inflation confirmed negative in October on weak energy

November 18, 2020

BRUSSELS (Reuters) – Euro zone annual inflation was negative for a third consecutive month in October, matching a four-year low, as energy prices were around 8% lower than a year earlier.

Inflation in the 19 countries sharing the euro was plus 0.2% month-on-month in October for a 0.3% year-on-year fall, the same annual decline as in September and in line with the initial estimates released at the start of November.

Food, alcohol and tobacco added 0.38 percentage points to the final results, Eurostat said, and services another 0.19 points, but an 8.2% year-on-year plunge in energy prices subtracted 0.81 percentage points from the final number.

Non-energy industrial goods also reduced inflation by 0.03 points.

Without volatile energy and unprocessed food prices, what the European Central Bank (ECB) calls core inflation, prices rose 0.1% month-on-month and 0.4% year-on-year.

An even narrower measure that also excludes alcohol and tobacco showed a 0.1% month-on-month and a 0.2% year-on-year increase.

The ECB wants to keep inflation below, but close to 2% over the medium term.

Across the euro zone, the highest inflation was 1.6% in Slovakia, followed by 1.2% in the Netherlands and by 1.1% in Austria.

Declines were sharpest in Greece at 2.0%, Estonia at 1.7% and 1.5% in Ireland.

In the bloc’s largest and third largest economies, Germany and Italy, inflation was negative. It was up by just 0.1% in France, the euro zone’s second largest economy.

For Eurostat release, click on:

http://ec.europa.eu/eurostat/news/news-releases

(Reporting by Philip Blenkinsop)




Read also

CHP holding annual toy drive

Mysterious Utah monolith DISAPPEARS, possibly stolen at night

NJ’s top health official quarantining after COVID-19 exposure



News, articles, comments, with a minute-by-minute update, now on Today24.pro




Today24.pro — latest news 24/7. You can add your news instantly now — here