Euro area inflation rises to 4% as energy prices surge
Euro-area annual inflation rose to 4% in October from 3.8% in September, driven by energy at 20.8%, while services inflation stood at 3.3%.
Annual inflation in the euro area rose to 4% in October from 3.8% in September, according to Eurostat's flash estimate.
Energy was the main driver of the increase at 20.8%, while services prices stood at 3.3%.
Food, alcohol and tobacco prices rose 1.6%, while non-energy industrial goods prices increased 1.2%.
The figure reflects an acceleration in price growth compared with the previous month, with energy prices continuing to pressure household budgets.
What do these terms mean?
Annual inflation: The percentage increase in prices of goods and services over a year compared with the previous year.
Flash estimate: A preliminary reading of inflation data released before final figures and subject to revision.
Energy prices: The cost of fuel, electricity, gas and other energy sources that affect household and business expenses.
Non-energy industrial goods: Manufactured products such as appliances, clothing and furniture, excluding energy products.
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