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November 18, 2020EU AND EURO AREA CONSUMER PRICE INDEX, OCTOBER 2020 The Euro Area year-over-year inflation rate was stable at -0.3% in October 2020. European Union annual inflation was stable +0.3% in October 2020. European Union data for this report is now for the 27 member countries of the European Union, not including the UK.
Among EU Member States, the highest annual inflation rates were recorded in Poland (+3.8%), Hungary (+3.0%) and Czechia (+2.9%) while the lowest year-over-year inflation were reported in Greece (-2.0%), Estonia (-1.7%) and Ireland (-1.5%).
Compared with September, annual inflation rates fell in fifteen Member States, remained stable in two and rose in ten.
Food prices in the Euro Union increased 2.1% annually while food prices in the Euro Area were up 1.8% compared to October 2019.
Energy inflation (October 2020 vs October 2019) was at -7.3% in the European Union and -8.2% in the Euro Area.
Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation was stable at +0.7% for the European Union and stable at +0.2% for the Euro Area.
Source: Eurostat-News Release
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