Euro area annual inflation down to 1.4%

Euro area annual inflation is expected to be 1.4% in October 2017, down from 1.5% in September

2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking  at  the  main  components  of  euro  area  inflation, energy is  expected to  have  the  highest  annual  rate in October (3.0%, compared  with  3.9%  in September),  followed  by food,  alcohol  &  tobacco  (2.4%,  compared  with 1.9%  in  September), services (1.2%,  compared  with 1.5% in September) and non-energy  industrial goods (0.4%, compared with 0.5% in September).