Eurozone inflation reaches 4%, a three-year high, Eurostat estimates
Eurostat’s October flash estimate puts core inflation at an unchanged 2.5%, while the overall rate rises from 3.8% in September.
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Annual consumer-price inflation in the eurozone reached 4% in October, up from 3.8% in September and its highest level in three years, The Guardian said, citing a flash estimate from the statistics office Eurostat.
Core inflation, which excludes volatile food and energy prices, remained at 2.5%. That figure was in line with economists’ expectations.
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