The annual inflation rate in the Euro Area reached 2% in October 2024, up from 1.7% in September, which had marked the lowest rate since April 2021.
The annual inflation rate in the Euro Area reached 2% in October 2024, up from 1.7% in September, which had marked the lowest rate since April 2021. Preliminary estimates indicate that this figure exceeded market forecasts of 1.9%. The rise in inflation reflects varied trends across the primary components of the Euro Area's consumer price index.
In October, services inflation remained the highest among sectors, holding steady at an annual rate of 3.9%. The food, alcohol, and tobacco category saw a notable increase, rising to 2.9% from 2.4% in September. Non-energy industrial goods inflation is expected to tick up slightly to 0.5% from 0.4%. However, energy prices are forecasted to decline by 4.6%, an improvement from the 6.1% drop seen in September, continuing to exert a moderating influence on overall inflation levels.
Source: Eurostat
Global markets remained defensive as stalled U.S.–Iran negotiations and persistent Middle East tensions continued to fuel inflation concerns and strengthen the dollar.
Global markets remained under pressure as persistent inflation concerns and stalled U.S.–Iran diplomacy reinforced expectations for tighter monetary policy.
Detail Yields Rise While Metals Trade Mixed (05.13.2026)Global markets turned cautious as escalating U.S.–Iran tensions and stronger U.S. inflation data reinforced expectations for higher interest rates.
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