Overview
- Consumer prices rose 0.3% from September, while the core rate held at 2.8% year on year.
- Energy was about 0.9% cheaper than a year earlier, offsetting stronger increases elsewhere.
- Services prices climbed 3.5% and food rose 1.3%, with notable spikes for items such as roasted coffee.
- Regional data from North Rhine-Westphalia matched the 2.3% annual rate and showed a 0.4% monthly increase.
- The figures are provisional with final October data due on 12 November, and economists expect inflation to stay above the ECB’s 2% target through year-end as the central bank keeps rates unchanged.