Euro inflation has accelerated to a level not seen in years

In October 2023, consumer prices in the eurozone rose by 4% year-on-year, marking the highest increase since September. Energy prices surged by 20.8%, while industrial goods and services also saw price hikes. Lithuania recorded the highest inflation at 6.1%, while Malta had the lowest at 2.3%. Germany's inflation slowed to 2.8%, while France and Italy experienced increases. Hungary's inflation data will be released on November 10, with expectations of a modest rise due to the strengthening forint and fixed energy prices.