Eurostat said that euro area annual inflation is expected to be 4.1% in October 2021, up from 3.4% in September. Economists had expected a 3.7% increase in the euro area. The core figures arrived at 2.1% YoY in October when compared to 1.9% expectations and 1.9% booked last.
Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (23.5%, compared with 17.6% in September), followed by services (2.1%, compared with 1.7% in September), non-energy industrial goods (2.0%, compared with 2.1% in September) and food, alcohol & tobacco (2.0%, stable compared with September).