Eurozone CPI Hits 4.0% as Energy Inflation Surges, But Core Holds at 2.5%

Eurozone inflation accelerated in October, with headline CPI rising from 3.8% to 4.0% yoy, matching market expectations and reaching twice ECB’s 2% target. Consumer prices increased 0.4% mom, according to Eurostat’s flash estimate. However, core CPI remained unchanged at 2.5% yoy, also in line with expectations, while inflation excluding energy held steady at 2.3%. The […] The post Eurozone CPI Hits 4.0% as Energy Inflation Surges, But Core Holds at 2.5% appeared first on ActionForex.