Overview of eurozone inflation
In October 2024, consumer price stability in the eurozone was confirmed with an increase of 2% year-on-year, according to data provided by Eurostat, the European statistical office. This result aligns perfectly with preliminary estimates and represents a significant increase compared to the 1.7% recorded in the previous month. The monthly price growth, equal to 0.3%, shows an improvement compared to -0.1% in the month of September, suggesting a recovery in demand and greater
economic stability.
Core inflation and its implications
Core inflation, which excludes the most volatile components such as fresh food, energy, alcohol and tobacco, stands at 2.7% on an annual basis. This figure confirms both the preliminary estimate and the results of the previous month, indicating persistent inflationary pressure. The monthly change in core inflation is 0.2%, also in line with initial forecasts. These data are crucial for the monetary policies of the European Central Bank, which must balance economic growth with the control
of inflation.
Impact on financial markets
The inflationary environment has significant repercussions on financial markets. For example, the Tokyo Stock Exchange closed higher, supported by securities from the banking and financial sector. Nikkei gained 0.5%, driven by companies such as Sumitomo Mitsui Financial Group and Hachijuni Bank. Expectations of a rate increase by the Bank of Japan have fueled optimism in the sector, highlighting how monetary policies directly influence market performance
.
