Euro area annual inflation rises to 2 percent

Brussels – Annual inflation in the euro area is expected to stand at 2.0 percent (pct) in October 2024, up from 1.7 pct in September, according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation services are expected to have the highest annual rate in October (3.9 pct, stable compared to September), followed by food, alcohol and tobacco (2.9 pct, compared to 2.4 pct in September), non-energy industrial goods (0.5 pct, compared to 0.4 pct in September) and energy (-4.6 pct, compared to -6.1 pct in September).