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Economy And The Numbers

Eurozone Inflation Softens On Energy Prices

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
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Eurozone inflation softened in October largely due to the fall in energy prices, while core consumer prices registered a steady growth, official data revealed Friday.

The harmonized index of consumer prices rose 2.1 percent on a yearly basis, following a 2.2 percent rise in September, flash estimate from Eurostat showed. Inflation came in line with expectations.

Core inflation that excludes energy, food, alcohol and tobacco held steady at 2.4 percent in October. The core rate was forecast to slow to 2.3 percent.

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