Economy
Eurozone annual inflation hits 4% in October, the highest level in three years
Core inflation, which excludes volatile items like energy and food, remained at 2.5%, while the European Central Bank signals a possible interest rate hike for December.
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The essentials of this story
- What happened
- Annual inflation in the eurozone rose to 4.0% in October, pressured by energy costs.
- Who is affected
- The 21 countries that make up the eurozone and global financial markets.
- What changes
- Increases the probability of a new interest rate adjustment by the European Central Bank in December.
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