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.