Without energy, the inflation would have reached 0.7%, according to the provisional data of Eurostat inflation data for October, whose final data will be revealed on the 17 of November.
In the services, consumer prices have maintained an increase of 1.1%, the same as recorded in September and August. Already in food, alcohol and tobacco to rise 0.4% in October was lower than the 0.7 percent recorded in the previous month.
Without the more volatile components – energy and food is not processed – prices rose 0.7%, which is less than 0.8% a month before.
inflation is on the rise in the Euro Zone, but is still far from the goal of putting close to 2%, as desired by the Central Bank European, for that he has in force a program of stimuli to the economy, with low interest rates and buying assets in the market, such as public debt and other obligations of companies.
the actions of The ECB has been, in fact, in the orbit of the markets, as if waiting for the moment that the ECB will close the faucet. For now, the latest indications from Mario Draghi are read as having the ECB intention to keep the stimulus and the program of purchase of assets, as the ECB president gave indications that do not will terminate the program abruptly. So, Mario Draghi admitted that the program could extend beyond March 2017, as originally planned. The ECB is active in the market in purchases of 80 billion euros a month.
With inflation taking off, there are other signs for the economy in the Euro Zone that have to be taken into account. According to Eurostat data, the economy of the bloc grew by 1.6% in the third quarter of this year compared to the same period of last year, having advanced by 0.3% in the chain, the same as in the second quarter and in line with the estimates of economists.