Economy

ECB vs inflation
Inflation in the eurozone slightly higher than expected

Inflation rose to 2.0 percent in the eurozone in October, from 1.7 percent the month before. This is shown by recent statistics from Eurostat. The October figure was slightly higher than the expected 1.9 percent, according to Trading Economics' estimate.

The main reason was price increases in the service sector of 3.9 percent measured at an annual rate, followed by price increases in food, alcohol and tobacco.

On the other hand, energy prices declined as measured on an annual basis, which helped to keep inflation down.

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Swedish inflation
Households wrong out: Think inflation is 13 times higher

Swedish households believe that the inflation rate is 14.1 percent, i.e. 13 times as high as the real inflation measured in CPIF of 1.1 percent. This is shown by the Economic Institute's latest figures, according to DI.

According to Swedbank's head of forecasting, Andreas Wallström, many Swedes confuse the price level and inflation.

- I can understand that households are not satisfied with this, most would certainly like to see the price level also fall.

The perception can cause Swedes to hold on to their money extra tightly, which in turn risks delaying a turnaround in the economy, he believes.
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Today's stock market
Europe is headed for its worst stock market month in a year

The European index Stoxx⁠ 600 is headed for its worst month in a year with a decline of just over 2.7 percent for the period, Reuters reports.

The last time the index retreated this much on a monthly basis was October 2023, and before that October 2020.

Tech companies Meta and Microsoft's partial year put a wet blanket over the index, which retreats around 0.7 percent on Thursday.

At 11 o'clock new inflation statistics for the eurozone will be released.