The Euro Area annual inflation rate was 2.0% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%. European Union annual inflation was 2.3% in October 2024, up from 2.1% in September. A year earlier, the rate was 3.6%. These figures are published by Eurostat, the statistical office of the European Union.

In October 2024, the highest contribution to the annual Euro Area inflation rate came from services (+1.77 percentage points, pp), followed by food, alcohol & tobacco (+0.56 pp), non-energy industrial goods (+0.13 pp) and energy (-0.45 pp).

Source: Eurostat
Post by: Republic of Türkiye Ministry of Trade