Euro area annual inflation is estimated at 10.7% in October, up from 9.9% in September, according to a flash estimate published by the statistical office of the European Union (Eurostat) on Monday 31 October.
Price increases were lowest in France (7.1%), Spain (7.3%) and Malta (7.5%). It was still the highest in the Baltic countries: 22.4% in Estonia, 22.0% in Lithuania and 21.8% in Latvia. In Germany, inflation was 11.6% and in Italy it was 12.8%.
Among the main components of euro area inflation, energy is expected to have the highest annual rate (41.9%, compared with 40.7% in September), followed by food, alcohol and tobacco (13.1%, compared with 11.8% in September), industrial goods excluding energy (6.0%) and services (4.4%).
GDP. Seasonally adjusted GDP rose by 0.2% in both the euro area and the EU during the third quarter, compared with the previous quarter, according to a preliminary estimate by Eurostat based on data for 10 Member States.
In the second quarter, GDP increased by 0.8% in the euro area and by 0.7% in the EU.
Among the 10 Member States on which Eurostat bases its calculations, Sweden (+0.7%) recorded the highest increase, followed by Italy (+0.5%), Portugal and Lithuania (both +0.4%). Decreases were registered in Latvia (-1.7%), Austria and Belgium (both -0.1%).
GDP growth was 0.3% in Germany and 0.2% in Spain and France. (Original version in French by Mathieu Bion)