In October 2020, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices, HICP, was 0.6%, according to the latest data published by the National Statistics Office, NSO.
This means that the annual rate of inflation went up from 0.5% when compared to the previous month, September 2020.
The data also shows that the twelve-month moving average rate for October stood at 1.0%.
Also, the largest upward impact on annual inflation was measured in the food and non-alcoholic beverages index, while the largest downward impact was recorded in the transport index.
Annual inflation stable at -0.3% in the euro area & 0.3% in the EU
According to Eurostat, the statistical office of the European Union, the euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%.
In October 2020, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco followed by services, non-energy industrial goods and energy.
European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the rate was 1.1%.
The lowest annual rates were registered in Greece, Estonia and Ireland while the highest annual rates were recorded in Poland, Hungary and Czechia. Compared with September, the annual inflation fell in fifteen Member States, remained stable in two and rose in ten.