Economic Buzz: Eurozone Inflation Rises To 10.6% In October

17 Nov 2022 , 04:02 PM

The euro area annual inflation rate was 10.6% in October 2022, up from 9.9% in September. A year earlier, the rate was 4.1%. European Union annual inflation was 11.5% in October 2022, up from 10.9% in September. A year earlier, the rate was 4.4%. These figures are published by Eurostat, the statistical office of the European Union. In October, the highest contribution to the annual euro area inflation rate came from energy (+4.44 percentage points, pp), followed by food, alcohol & tobacco (+2.74 pp), services (+1.82 pp) and non-energy industrial goods (+1.62 pp). Powered by Commodity Insights