Greece was October’s eurozone deflation champion

Greece was October’s eurozone deflation champion

Eurozone annual inflation was negative for a third consecutive month in October, matching a four-year low, as energy prices were around 8% lower than a year earlier.

Inflation in the 19 countries sharing the euro was plus 0.2% month-on-month in October for a 0.3% year-on-year fall, the same annual decline as in September and in line with the initial estimates released at the start of November.

Across the bloc, the highest inflation was 1.6% in Slovakia, followed by 1.2% in the Netherlands and 1.1% in Austria.

The declines were sharpest in Greece at 2%, Estonia at 1.7% and 1.5% in Ireland.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.