Inflation returns to eurozone in OctoberNovember 17, 2015 - 10:41 AMT PanARMENIAN.Net - Inflation in the eurozone has been revised up to 0.1% in October by the EU's statistics agency, Eurostat, BBC News reports. Prices grew in vegetables, restaurants and fruit in October, while fuel prices were considerably lower than last year. It had previously given a flash estimate of a zero rate of inflation, saying falling energy prices had offset food price growth. Prices remain subdued, keeping pressure on the European Central Bank (ECB) to revise monetary policy. In October, prices for vegetables rose 9.4% and fruit was 6.2% higher. Restaurant prices were up 1.5%. The main factor that kept prices from rising further in October remained energy, the cost of which was 8.5% lower than 12 months earlier. Of the eurozone countries, Cyprus had the lowest October annual inflation rate at -1.8%, while Malta had the highest rate at 1.6%. Despite the return to positive eurozone inflation, pressure remains on the ECB to ease monetary policy further. In March, the ECB launched a government bond-buying programme to pump cash into the eurozone economy and accelerate price growth. The central bank is widely expected to expand its stimulus programme at its December meeting. In October, the bank said it would "re-examine" its policy, and last week, ECB president Mario Draghi said the bank was ready to extend its policy if needed. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |