Annual inflation in Greece stood at 3.1% in October last year, according to Eurostat data, unchanged from September. It was down compared to October 2023, when it stood at 3.8%.

In the euro area, annual inflation was 2%, down from 1.7% in September. A year earlier, the rate was "touching" 2.9%.

Annual inflation in the European Union was 2.3% in October, up from 2.1% in September. A year earlier, the rate was 3.6%.

According to the EU's statistics office, the lowest annual rates were recorded in Slovenia (0%), Lithuania and Ireland (both 0.1%).  The corresponding highest annual rates were recorded in Romania (5%), Belgium and Estonia (both 4.5%).

Compared with September 2024, annual inflation decreased in two Member States, remained stable in six, and increased in 19.

In October, the highest contribution to annual inflation in the euro area came from services (+1.77 percentage points, bp), followed by food, alcohol and tobacco (+0.56 bp), non-energy industrial goods (+0.13 bp) and energy (-0.45 bp).