The final euro area annual inflation rate rose to 2.0 percent in October, rising by 0.3 percent compared to September.
A year earlier, the rate was 2.9 percent, writes Eurostat. However, the annual inflation of the European Union was 2.3 percent in October. In September it was still 2.1 percent and a year earlier it was 3.6 percent.
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New U.S. inflation data released Wednesday showed consumer prices rose in line with forecasts in October, keeping the Federal Reserve on track for an expected rate cut in December, Yahoo Finance reported.
“Fasten your seat belts – the price rally will happily continue.” Prices rose by 4.1 percent in October compared to a year ago, and according to both bank economists and entrepreneurs, this price increase continues to be too big for the Estonian economy.
In October, inflation accelerated to 2 percent due to the increase in food prices, compared to September, prices increased by 0.3%, according to Eurostat’s quick estimate.
A person earning an average salary in Estonia, who has invested one monthly salary in gold every year since 1992, in addition to preserving value, has also increased his purchasing power. Let’s take a closer look at the data.
Source: www.aripaev.ee
