×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Europe | Economy

Eurozone Inflation Edges up as low Oil Price Impact Fades

Monday, 31 October 2016 06:56 AM EDT

BRUSSELS (AP) — Official figures from the European Union show that consumer price inflation across the 19-country eurozone edged up in October to its highest level for more than two years as the impact of lower oil prices waned.

EU statistics agency Eurostat said Monday that the annual rate rose to 0.5 percent in the year to October from the previous month's 0.4 percent. October's rate is the highest since June 2014, when inflation was also 0.5 percent.

The increase was due largely to the fact that energy prices were only 0.9 percent lower in the year to October compared with 3 percent in September.

Separately, Eurostat found economic growth unchanged at 0.3 percent in the third quarter from the previous three-month period. Both outcomes were in line with market expectations.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Official figures from the European Union show that consumer price inflation across the 19-country eurozone edged up in October to its highest level for more than two years as the impact of lower oil prices waned.EU statistics agency Eurostat said Monday that the annual rate...
EU,Europe,Economy
130
2016-56-31
Monday, 31 October 2016 06:56 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved