Euro zone inflation at 10.6%

Euro zone inflation in October was marginally lower than previously reported in year-on-year terms but still at a record high because of surging energy prices, final data showed from the European Union's statistics office showed on Thursday, reported from Reuters.

Eurostat confirmed that consumer inflation in the 19 countries sharing the euro rose 1.5% month-on-month in October, for a 10.6% year-on-year increase, a revision from the 10.7% annual reading reported previously.
It is specified that last month the cost of energy increased more than other goods (+4.4%). The increase in the price of food, alcohol and tobacco amounted to 2.74%.

The price hike was the lowest in France where the inflation made 7.1%, in Spain, where the prices rose by 7.3% on average. Malta saw inflation at 7.4%. It is noted that the statistical office increased the figure by 0.1% relative to the preliminary results of the month.

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