Eurozone prices fall on fuel but a rise is expected in November
Cheaper food and fuel pulled down the eurozone consumer price index in October for a fifth month running in annual terms, data confirmed yesterday, but inflation is expected to return in November.
Prices in the 16-country area rose 0.2 per cent last month compared with September but dipped 0.1 per cent year-on-year, European Union statistics agency Eurostat said.
Economists had on average expected 0.3 per cent monthly inflation for October after Eurostat on 30 October estimated the annual fall to be 0.1 per cent.
The Eurostat data showed energy prices fell 0.2 per cent on the month and 8.5 per cent year-on-year. Food prices were flat against September and 1.5 per cent lower than a year before.