Euro area: October inflation review

According to Eurostat's final release , the Euro area annual headline inflation was confirmed at 2. 10 % in Octo ber ( according to flash estimate ) , down from 2. 2 4% in September . Core inflation, which excludes energy and food, alcohol and tobacco prices, held at 2.3 7 % ( according to flash estimate ) , slightly up from 2. 35 % in the previous month. HICP inflation by components showed: The contribution of Services to annual headline inflation in creasing to 1. 54 pp (1.4 8 pp in September ). The contribution of Food, Alcohol and Tobacco going down to 0. 4 8 pp (0. 58 pp in September ). The contribution of the Energy inflation at -0. 0 8 pp (-0. 03 pp in September ). Non-Energy Industrial Goods (NEIG) contribution at 0. 16 pp (0. 20 pp in September ). Should the price level of headline HICP remain at its Octo ber level until end-December 2025, headline inflation would average 2. 1 7 %yoy over 2025 and stand at 2.07 %yoy in December.