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Eurostat: Romania, among the EU countries with the highest annual inflation rate in October
The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the rate was 1.1%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Greece (-2.0%), Estonia (-1.7%) and Ireland (-1.5%). The highest annual rates were recorded in Poland (3.8%), Hungary (3.0%) and Czechia (2.9%). In Romania, the annual inflation rate fell to 1.8% in October, from 2.1% in September.
Compared with September, annual inflation fell in fifteen Member States, remained stable in two and rose in ten. In October, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.38 percentage points, pp), followed by services (+0.19 pp), non-energy industrial goods (-0.03 pp) and energy (-0.81 pp).