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Al Jazeera (Reuters) - Bureau of Statistics data showed on Wednesday, the European Eurostat low inflation in the euro zone as it was expected in October, thanks ia to slowing rising energy prices, but unemployment rose to new highs in September. According to estimates by Eurostat, the inflation in the euro area, which includes 17 countries was 2.5 percent on an annual ia basis, down from 2.6 percent in September, but it is still higher than the target of the European Central that slightly less than two percent. The upward pressure came mainly from energy prices, which rose 7.8 percent on an annual basis in October, ia but the increase was lower than in September, when it increased 9.1 percent on an annual basis. It was the second largest contributor in terms of inflation is food prices rose 3.2 percent on an annual basis, compared with 2.9 percent in the previous month. Economists expect that the European Central Bank lowers interest rates again before the end of the year from a record high and the current low of 0.75 percent to support the slowing economy which is likely to have entered a recession in the third quarter of the year. And inflationary pressures in the euro zone because the low unemployment at a record ia level, rising to 11.6 percent ia of the labor force in September, the highest level of the countries that make up the single currency bloc since 1995. Eurostat said 18.49 million people do not have a job in the euro zone, up 146 thousand from the previous month.
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