Economic Buzz: Eurozone inflation up from 3.8% to 4% in October

The annual inflation rate in the Eurozone is expected to reach 4% in October, in line with expectations but rising from 3.8% registered in September, the European Commission's statistical office Eurostat announced in its preliminary report published on Wednesday.

The document attributed the expected rise to growing energy prices, which are predicted to soar by 20.8% year-on-year. Other factors listed included services, food, alcohol and tobacco, and non-energy industrial goods, with their prices projected to rise by 3.3%, 1.6%, and 1.2%, respectively.

The highest growth in inflation were registered in Bulgaria at 6%, and Greece and Italy at 5.6%. The lowest moves were seen in Malta at 2.3%, Germany at 2.8%, and Slovakia at 2.9%.

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