Eurozone annual inflation expected to be 2.5% in October, down from 2.6% in September
Cindy Allen
BRUSSELS
,
October 31, 2012
(press release)
–
Euro area1 annual inflation2 is expected to be 2.5% in October 2012, down from 2.6% in September3, according to a flash estimate from Eurostat, the statistical office of the European Union.
Euro area annual inflation and its components, % Weight used in 2012 Oct 2011 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 All-items HICP 1000.0 3.0 2.4 2.4 2.4 2.6 2.6p 2.5e Food, alcohol & tobacco 190.7 3.3 2.8 3.2 2.9 3.0 2.9p 3.2e Energy 109.9 12.4 7.3 6.1 6.1 8.9 9.1p 7.8e Non-energy industrial goods 284.7 1.3 1.3 1.3 1.5 1.1 1.2p 1.1e Services 414.7 1.8 1.8 1.7 1.8 1.8 1.7p 1.8e e Eurostat estimate p provisional Scheduled publication dates Index for Euro area flash estimates News release on euro area, EU and Member States October 2012 - 15 November 2012 November 2012 30 November 2012 14 December 2012 December 2012 4 January 2013 16 January 2013 The Member States participating in the euro area are Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. Annual inflation is the change of the price level between the current month and the same month of the previous year. See News Release 145/2012 of 16 October 2012.
Looking at the main components of euro area inflation, energy (7.8% compared with 9.1% in September) is expected to have the highest annual rate in October, followed by food, alcohol & tobacco (3.2% compared with 2.9%), services (1.8% compared with 1.7%) and non-energy industrial goods (1.1% compared with 1.2%).
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