Inflation in the Eurozone slowed slightly in October

Inflation in the EurozoneInflation in the Eurozone slowed slightly in October from 1.5% to 1.4%, according to latest Eurostat data. Compared to last year, however, the steady acceleration has been noted, with inflation in the region at 0.5%.

The inflation in the European Union (EU) also slowed slightly in October to 1.7% yoy, compared to 1.8% in September. Compared to the same period last year, there was a sharp rise, with inflation in October 2016 at the same level as in the single currency area of ​​0.5%.

The slowest growth in October reported the inflation in Cyprus (0.4%), as well as in Ireland, Greece and Finland (0.5%). The fastest acceleration was seen in Lithuania (4.2%), Estonia (4.0%) and the United Kingdom (3.0%).

In Bulgaria, inflation was close to the EU average of 1.5% in October, accelerating from the previous month when it was 1.3%.

Compared to September 2017, annual inflation has slowed down in 14 member states, remained stable at five, and accelerated to nine.

Inflation in the Eurozone was most affected by transport fuels (+0.10 percentage points), accommodation services (+0.08 percentage points) and dairy products and eggs (+0.06%). Telecoms (-0.11 percentage points), clothes (-0.07 percentage points) and social protection (-0.04 percentage points) had largest negative impact.