Euro zone inflation reached 10.6% in October

Euro zone inflation reached 10.6% in October
Credit: Belga

Inflation in the euro zone reached 10.6% in October, the European statistics office Eurostat said on Thursday. A flash estimate at the end of last month had put it at 10.7%.

Inflation in the 19 countries with the single currency is already high and continues to reach new records. In September, consumer prices were up by 9.9% year-on-year.

As in previous months, it was energy prices in particular (+41.5%) that drove up inflation. Food, alcohol and tobacco prices also rose strongly (+13.1%).

In the European Union as a whole, inflation reached 11.5% last month, compared to 10.9% in September.

According to Eurostat, inflation in Belgium was 13.1%.

The European service uses a different method of calculation from that of Belgian statistical office Statbel, which estimated inflation at 12.27% last month, the highest level since June 1975.


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