Greece’s inflation rises to 5.6% in October, outpacing eurozone average - eKathimerini.com

Annual inflation in Greece accelerated to 5.6% in October, well above the eurozone average of 4%, according to preliminary data released Wednesday by Eurostat, the European Union’s statistics agency. Eurozone inflation rose from 3.8% in September, reaching its highest level in nearly three years and standing at twice the European Central Bank’s 2% target. Energy prices were the main driver, with annual inflation in the category climbing to 20.8% in October, from 18.9% the previous month. Services inflation also edged higher, to 3.3% from 3.2%, while prices for food, alcohol and tobacco rose by 1.6%, compared with 1.3% in September. Non-energy industrial goods recorded an annual increase of 1.2%, up from 1.1%.