Inflation down across Europe in October

Inflation down across Europe in October

Inflation across the eurozone fell to 0.7% in October, down from 1.1% in September.

That represents the lowest level in the 17-country currency area for four years.

12 months earlier, in October 2012, the rate of inflation stood at 2.6%.

Ireland's rate of inflation was negative in October, down just 0.1% - one of only four countries with a negative rate, alongside Greece (-1.9%), Bulgaria (-1.1%), and Cyprus (-0.5%).

On average across Europe, costs of electricity, accommodation, and tobacco rose the most.

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