BRUSSELS: The annual inflation in Eurozone was confirmed at 0.1 percent in October, greater than the previously estimated 0 percent, official data showed on Monday.
In September, the reading was -0.1 percent due to the slumping of energy prices, according to Eurostat, the statistic agency of the European Union (EU).
In the wider 28-country EU, the annual inflation in October was confirmed at 0 percent, up from the -0.1 percent in September.
Eurostat said negative annual rates were observed in 13 member states in October. The lowest annual rates were registered in Cyprus (-1.8 percent), Romania (-1.4 percent) and Bulgaria (-1.2 percent).
The highest annual rates were recorded in Malta (1.6 percent), Belgium (1.2 percent) and Sweden (0.9 percent).
The October reading was still far from the targeted 2 percent inflation goal set by the bloc’s central bank. It was widely expected that the bank will expand its massive asset purchasing program and launch more stimulus measures in December.
