Inflation in the eurozone fell more sharply than expected to 2.9% in October, according to the EU's statistics office.
With the Christmas shopping period just weeks away, Eurostat announced Tuesday that consumer prices in the euro area had reached their lowest level in more than two years, down from 4.3% in September.
The main cause was the double-digit drop in fuel prices which eased by 11.1%.
And... it doesn't make much sense. In that it's using governmental regions (looks like it's NUTS 3). And as a result how far that stretches from a border varies widely
@jon nicely adding in NI into the EU border regions.
NUTS3 is the smallest administrative boundary that the EU works on, is this a definite case for asking for a NUTS4 class from #EuroStat@EU_Eurostat ?
Erzeugerpreise in der Eurozone sinken erstmals seit 2020
Erstmals seit 2020 sind die Erzeugerpreise in der Eurozone im Jahresvergleich wieder gesunken. Im Mai gingen sie um 1,5 Prozent zurück. Das stärkt die Hoffnungen auf eine weiter rückläufige Inflation.