Eurostat figures: Annual inflation stable at -0.3% in the euro area (October 2020)

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the

rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September.

A year earlier, the rate was 1.1%. These figures are published by Eurostat, the statistical office of the European

Union.

Lowest and hightest annual rates

The lowest annual rates were registered in Greece (-2.0%), Estonia (-1.7%) and Ireland (-1.5%). The highest

annual rates were recorded in Poland (3.8%), Hungary (3.0%) and Czechia (2.9%).

Compared with September, annual inflation fell in fifteen Member States, remained stable in two and rose in ten.

In October, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.38

percentage points, pp), followed by services (+0.19 pp), non-energy industrial goods (-0.03 pp) and energy (-0.81

pp).

Geographical information

The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.