# Euro zone inflation, October 2024

> Euro zone inflation rose to 2% in October from 1.7% in September, above the 1.9% forecast. Core inflation held at 2.7% and services inflation at 3.9%, weakening the case for a larger ECB rate cut.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stickier euro zone inflation reduces the chance of aggressive ECB easing, which supports the euro and slightly weakens the dollar, affecting import costs for dollar-priced feed commodities.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2026-04-01 | [Euro-Zone Inflation Jumps Most Since 2022 as War Drives Energy](https://feedsoft.ai/events/20370-euro-zone-inflation-jumps-most-since-2022-as-war-drives-energy.md) | +0.5% | +1.7% |
| EURUSD | 2025-10-30 | [Euro zone GDP Q3 2025](https://feedsoft.ai/events/22638-euro-zone-gdp-q3-2025.md) | -1.5% | -0.5% |
| EURUSD | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | +0.0% | +1.0% |
| EURUSD | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.2% | -1.6% |
| DXY | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | -0.2% | +0.1% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/10/31/euro-zone-inflation-october-2024.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.