Euro area annual inflation up to 0.5 percent in October

Annual inflation in the euro area was 0.5 percent in October this year, up from 0.4 percent in September, according to a report released by Eurostat, the Statistical Office of the European Communities. In October 2015, the annual inflation rate was 0.1 percent.

 

Meanwhile, in the European Union (EU-28) annual inflation was 0.5 percent in October, up from 0.4 percent in September. In October 2015, the annual inflation rate in the EU-28 was 0.0 percent.

 

In October this year, negative annual rates were observed in six states in the EU-28. The lowest inflation rates were observed in Bulgaria and Cyprus (both -1.0%), while the highest were observed in Belgium (1.9%) and Austria (1.4%).