Eurozone inflation in October was 2.2%

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In October, consumer prices in the euro zone rose by 2.2% compared to October last year. Compared with September, when inflation was 2.1%, in October its acceleration was observed, Eurostat reported. October price growth rates coincided with market expectations. Rising consumer prices that do not take into account energy, food and alcohol in the region amounted to 1.1% compared to the same month a year earlier, meeting the expectations of experts. Food, alcohol and tobacco products went up in October by 2.2%, energy carriers – by 10.6%. The cost of services increased by 1.5%. According to the estimates of the European Central Bank, inflation in the eurozone in 2018 is expected to be at the level of 1.7%.

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