The euro area annual inflation rate was 2.0% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%. European Union annual inflation was 2.3% in October 2024, up from 2.1% in September. A year earlier, the rate was 3.6%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Slovenia (0.0%), Lithuania and Ireland (both 0.1%). The highest annual rates were recorded in Romania (5.0%), Belgium and Estonia (both 4.5%). Compared with September 2024, annual inflation fell in two Member States, remained stable in six and rose in nineteen.
In October 2024, the highest contribution to the annual euro area inflation rate came from services (+1.77 percentage points, pp), followed by food, alcohol & tobacco (+0.56 pp), non-energy industrial goods (+0.13 pp) and energy (-0.45 pp).
Source: Eurostat
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