Euro area annual inflation is expected to be 0.7% in October 2013, down from 1.1% in September, according to a flash estimate4 from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in October (1.9%, compared with 2.6% in September), followed by services (1.2%, compared with 1.4% in September), non-energy industrial goods (0.4%, stable compared with September) and energy (-1.7%, compared with -0.9% in September). (full story)