Brussels: The eurozone's annual consumer inflation rate for October has been confirmed at 2%, aligning with the second reading released this Tuesday. This marks an acceleration from September's 1.7%, ending a two-month slowdown, as indicated by Eurostat's latest data. According to Anadolu Agency, core inflation, which excludes unpredictable food and energy prices, remained steady at 2.7% last month. Energy prices saw a decline, falling at an annual rate of 4.6% in October, which is a decrease from September's 6.1%. Meanwhile, the European Union's overall annual inflation rate also saw an increase, reaching 2.3% in October from 2.1% in the previous month. The report highlights that Slovenia recorded the lowest annual inflation rate at 0.0%, followed closely by Lithuania and Ireland, both at 0.1%. In contrast, Romania experienced the highest annual rate at 5.0%, with Belgium and Estonia both recording rates of 4.5%. On a monthly basis, the eurozone's consumer price index rose by 0.3% in October, consistent wi th initial estimates. The eurozone, or EA19, consists of member states utilizing the euro, whereas the EU27 includes all countries within the European Union bloc.
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