Eurozone Inflation Rises to 4% in October, Matching Forecasts

Eurozone annual inflation rose to 4% in October on a preliminary, unadjusted harmonized consumer price index, matching the forecast and climbing from 3.8% in the prior reading. The October figure was 0.2 percentage points above the previous reading. It also matched the 4% forecast, leaving no gap between the expected and reported annual rates. The October number is preliminary and refers to the annual rate, rather than a monthly change. An annual rate measures the change from a year earlier, while the 0.2 percentage-point difference compares the latest reading with the prior annual reading.

Source: TokenPost