CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

October 2020: Annual inflation stable at -0.3% in the euro area

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September.

A year earlier, the rate was 0.7%.

 

 

European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the rate was 1.1%.

 

Compared with September, annual inflation

  • fell in fifteen Member States,
  • remained stable in two and
  • rose in ten.
  • Lowest annual rates: Greece (-2.0%), Estonia (-1.7%) and Ireland (-1.5%).
  • Highest annual rates: Poland (3.8%), Hungary (3.0%) and Czechia (2.9%).

 

In October, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.38 percentage points, pp), followed by services (+0.19 pp), non-energy industrial goods (-0.03 pp) and energy (-0.81 pp).

 

Further information:

Euro Area Annual Inflation October 2020

 

Source: Eurostat, https://ec.europa.eu

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Posted in General Market News, Market Trends & Statistics

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