According to figures published by Eurostat on 15 November, the euro area annual inflation rate was 0.7% in October 2019, down from 0.8% in September.
The lowest annual rates were registered in Cyprus (-0.5%), Greece (-0.3%) and Portugal (-0.1%), while the highest were recorded in Romania (3.2%), Hungary (3.0%) and Slovakia (2.9%). Compared with September, annual inflation fell in fifteen EU states, remained stable in eight and rose in five.
Annual inflation is the change of the price level between the current month and the same month of the previous year. The euro area inflation flash estimate is issued at the end of each reference month.