Eurostat confirms Eurozone inflation slowed to 2.1 percent in October

Brussels – Everything as expected: inflation at 2.1 percent in October in the eurozone, down 0.1 percentage point from September. In the final data, Eurostat confirms the preliminary estimates released in late October, including the key inflation components. Services rose (3.4 percent, compared to 3.2 percent in September), while there was a slowdown in food, alcohol, and tobacco (2.5 percent, from 3 percent in September) and non-energy industrial goods (0.6 percent from 0.8 percent in September). Only the numbers related to “energy” were revised (-0.9 percent instead of -1 percent, compared to -0.4 percent in September).​

Eurostat also confirmed the inflation indices for the member states: the cost of living in Italy fell by 0.5 percentage points to 1.3 percent (from 1.8 percent in September). Inflation fell more modestly in Germany (to 2.3 percent, -0.1 pp) and France (to 0.8 percent, -0.3 pp), while it rose in Spain (+0.2 pp, to 3.2 percent).