Inflation in eurozone rises to its highest level in three years in October - Belga Share

Inflation in eurozone rises to its highest level in three years in October This is the highest reading since September 2023, in the wake of Russia's invasion of Ukraine in February 2022, which triggered an unprecedented surge in prices across the eurozone. The October acceleration, linked to a jump in oil prices, was in line with Bloomberg analysts' expectations. According to Eurostat, energy prices rose by 20.8 per cent in October, up from 18.9 per cent the previous month. Service prices (3.3 per cent, compared with 3.2 per cent in September) and food prices (1.6 per cent, compared with 1.3 per cent in September) also rose slightly.