Eurozone inflation remains at -0.3%

inflation-risk2

Inflation in the eurozone remained in negative territory in October, according to the official statistical agency Eurostat.

The harmonised index of consumer prices (HICP) decreased year on year by 0.3% last month, the same as in September. It first fell below 0% in August (-0.2%).

Reflecting the shock to demand caused by lockdown measures imposed to contain the spread of Covid-19, core inflation – excluding energy, alcohol and tobacco – remained at 0.2%. This is its lowest level on record.

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