The annual inflation rate in the eurozone significantly slowed down in October, reaching 2.9% compared to 4.3% in September and 10.6% one year earlier.

This is the lowest figure since the summer of 2021, according to data released today by the European statistical service Eurostat, confirming the initial measurement published at the end of October.

The core inflation of the Eurozone, excluding energy and food prices, showed a smaller deceleration, reaching 4.2% in October compared to 4.5% the previous month.

The annual inflation rate of the European Union was 3.6% in October, down from 4.9% in September and 11.5% one year earlier.

For Greece, Eurostat revised its measurement for the annual inflation rate to 3.8% from the initially announced 3.9%. In September, the annual inflation rate was at 2.4%, while one year earlier, in October 2022, it stood at 9.5%.

According to Eurostat data, the lowest annual rates were recorded in Belgium (-1.7%), the Netherlands (-1.0%), and Denmark (-0.4%), while the highest rates were in Hungary (9.6%), the Czech Republic (9.5%), and Romania (8.3%).