Eurozone inflation softens to 3% in October

Eurozone inflation softens to 3% in October

Posted on November 3, 2023   |  

The eurozone saw a larger-than-expected drop in its annual inflation rate for October.

Consumer price inflation in the 20-country eurozone decreased to 2.9%, marking the lowest rate since July 2021.

This was an unexpected outcome, as analysts had foreseen higher inflation rates.