Eurozone inflation remains at -0.3%


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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