By Tuba Sahin
ANKARA (AA) - Euro area annual consumer inflation hit a record high of 10.6% in October, below forecasts, according to Eurostat data released Thursday.
The figure was up from 9.9% in September and 4.1% in October 2021, Eurostat said.
Provisional data had projected a 10.7% annual hike in consumer prices for the month.
The rise mainly stemmed from higher prices for energy, up 41.5% year-on-year in October. Food, alcohol and tobacco followed with a 13.1% jump from a year ago.
EU annual inflation came in at 11.5% in October, up from 10.9% in September.
The highest annual rates were seen in Estonia (22.5%), Lithuania (22.1%), and Hungary (21.9%), while the lowest were seen in France (7.1%), Spain (7.3%), and Malta (7.4%).
On a monthly basis, the eurozone's consumer price index rose 1.5% in October.
Energy prices posted a month-on-month rise of 6.2% in October.