Inflation in EU decreased in October

Inflation in EU decreased in October

According to latest statistical data provided from the Eurostat, the annual inflation rate in the Euro zone reduced to 2% in the month of October, from the 2.2% level in September. The rate a year earlier was 2.3%. Moreover, annual inflation rate in the EU dropped to 1.8% in October from the 2% of September data. According to figures released by the EU statistics agency, member countries which indicated the highest annual rates for October are; Ireland 3.3%, Italy and Portugal 2.8%, Spain 2.7%, whereas the lowest rates were seen in Finland 0.9%, Austria 1%, Denmark and Germany 1.1%. Apart from the figures above, inflation in Switzerland was stable at 0.5% in October.