Eurozone annual inflation expected to be 2.5% in October, down from 2.6% in September

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.

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%).

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

  1. 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.

  2. Annual inflation is the change of the price level between the current month and the same month of the previous year.

  3. See News Release 145/2012 of 16 October 2012.


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