Eurozone inflation has fallen more than economists had expected after consumer prices rose 2.9 per cent in the year to October, the slowest increase since July 2021.
The reduction in inflation from 4.3 per cent for the year to September reflected falling energy prices and a drop in food inflation, according to Eurostat, the EU statistics arm. Economists polled by Reuters had expected eurozone inflation of 3.1 per cent in October.
Core inflation, which excludes energy and food and is closely watched by the European Central Bank as a gauge of underlying price pressures, also fell more than expected to 4.2 per cent, down from 4.5 per cent in the previous month.
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