Eurozone Inflation Falls to 2.9% in October, Lowest Level Since Summer 2021
-
Inflation in the eurozone fell to 2.9% in October, the lowest level since summer 2021.
-
The decline was helped by falling energy prices, which were 11.2% lower than a year earlier.
-
Food inflation also slowed from 8.8% to 7.4% compared to a year ago.
-
Inflation varies widely across eurozone countries, from 7.8% in Slovakia to -1.7% in Belgium.
-
Despite the decline, inflation still exceeds the ECB's 2% target.