Inflation rose again in October, energy 14 percent more expensive than a year earlier

The Middle East conflict has significantly increased oil and gas prices, leading to a rise in inflation to 3.5% in May. Energy prices surged over 14% in October, while food prices saw a slight decrease. Services also experienced a 3.9% price increase, with overall consumer prices rising by 0.7% from September. Seasonal factors, such as temporary clothing sales, may affect these trends. European inflation figures will be released later, with September's rate at 3.8% due to high fuel costs.