Euro area CPI slips in October, Eurostat confirms
Consumer prices in the euro dipped in October amid broad-based declines outside of food, alcohol and tobacco.
The headline rate of consumer price inflation in the single currency block rose by one tenth of a percentage point versus September but the year-on-year rate fell by a tenth, Eurostat said, confirming a preliminary estimate.
At the 'core' level, CPI also fell, by 0.1% on the month, dragging the annual rate of gains lower, from 1.1% September to 0.9%.
Thursday's final readings on consumer prices were exactly as economists had anticipated.
Non-energy industrial goods price were weakest in annual terms with the rate of gains retreating from 0.5% to 0.4%.
The rate of increase in services prices also slowed, from 1.5% to 1.2%, as did those for energy, from 3.9% to 3.0%.