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Euro area inflation estimated at 1.9%

Euro area annual inflation is expected to be 1.9% in October 2010 according to a flash estimate issued by Eurostat, the statistical office of the European Union. Annual inflation is the price change between the current month and the same month of the previous year. It was 1.8% in September.

Euro area inflation is measured by the Monetary Union Index of Consumer Prices (MUICP). Eurostat uses early price information relating to the reference month from EU member states for which data are available as well as early information about energy prices.

No detailed breakdown is available. Experience has shown the procedure to be reliable (21 times exactly anticipating the inflation rate and 3 times differing by 0.1 over the last two years).






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