Eurozone prices fall on fuel but a rise is expected in November

Cheaper food and fuel pulled down the eurozone consumer price index in October for a fifth month running in annual terms, data confirmed yesterday, but inflation is expected to return in November.<br /><br />Prices in the 16-country area rose 0.2 per cent last month compared with September but dipped 0.1 per cent year-on-year, European Union statistics agency Eurostat said.<br /><br />Economists had on average expected 0.3 per cent monthly inflation for October after Eurostat on 30 October estimated the annual fall to be 0.1 per cent.<br /><br />The Eurostat data showed energy prices fell 0.2 per cent on the month and 8.5 per cent year-on-year. Food prices were flat against September and 1.5 per cent lower than a year before.