Eurozone inflation drops in October

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Inflation in the eurozone dropped to 2.5 per cent during October from September’s 2.6 per cent, according to a flash estimate from EU statistical office Eurostat.

The main components of the annualised eurozone inflation monthly figure were energy, food, alcohol & tobacco, services and non-energy industrial goods.

Energy inflation increased dropped from 9.1 per cent in September compared with 7.8 per cent in October.