Wed, 31 Oct 2012 15:38:00 GMT
Euro zone inflation drops on smaller energy prices' growth
The eurozone inflation inched lower, as the pace of energy prices' growth slowed
down. According to Eurostat, the inflation in the eurozone in October was 2.5 per
cent on yearly basis, stepping lower from a rate of 2.6 per cent in September.
However, the inflation is still not complying with the ECB's target of 2 per
cent. Soaring energy and food prices were
mainly pushing