Forex Fundamentals
Euro Area Inflation Rate (HICP)

Euro Area Inflation Rate (HICP) 31 October 2023

Euro Area Inflation Rate (HICP) 31 October 2023: 2.9% for October 2023, below the 3.1% forecast and down from 4.3% in September 2023. It is the lowest of the last 12 releases. It is the second release in a row below the forecast. Printed 2.9%, above the 2% target. It was released on Tue 31 Oct 2023 at 10:00 UTC.

These figures were verified on 4 Oct 2026 from the source: EUROSTAT. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
2.9%
October 2023
Forecast
3.1%
The market consensus
Previous
4.3%
As the source gives it

What a print like this usually does

Below the forecast: A clear miss or continued progress toward 2% usually weighs on the euro as markets price more scope for cuts. The reaction is strongest when core inflation also cools.

Euro Area Inflation Rate (HICP) 31 October 2023: 2.9% for October 2023 against a 3.1% forecast, with the last 12 releases
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Cite this release

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Euro Area Inflation Rate (HICP) 31 October 2023: 2.9% vs 3.1% forecast (EUROSTAT). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/eur-cpi/2023-10-31

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
31 Oct 2023Oct2.9%3.1%4.3%
29 Sep 2023Sep4.3%4.5%5.2%
31 Aug 2023Aug5.3%5.1%5.3%
31 Jul 2023Jul5.3%5.3%5.5%
30 Jun 2023Jun5.5%5.6%6.1%
1 Jun 2023May6.1%6.3%7%
2 May 2023Apr7%7%6.9%
31 Mar 2023Mar6.9%7.1%8.5%
2 Mar 2023Feb8.5%8.2%8.6%
1 Feb 2023Jan8.5%9%9.2%
6 Jan 2023Dec9.2%9.7%10.1%
30 Nov 2022Nov10%10.4%10.6%
The release before:Euro Area Inflation Rate (HICP) 29 September 2023The release after:Euro Area Inflation Rate (HICP) 30 November 2023Euro Area Inflation Rate (HICP): every recent resultThis week’s economic calendar