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MNI BRIEF: EZ Inflation Higher In Oct, In Line With ECB Target

October data leaves the ECB's target of sustainable 2% inflation in sight.

MNI (LONDON) - Euro area headline inflation rose to 2% year-on-year in October, preliminary data showed, picking up from the more than three-year low of 1.7% in September, Eurostat said on Thursday. 

Services inflation was unchanged from September at 3.9% y/y and core inflation on the ECB's preferred reading came in at 2.7%.

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MNI (LONDON) - Euro area headline inflation rose to 2% year-on-year in October, preliminary data showed, picking up from the more than three-year low of 1.7% in September, Eurostat said on Thursday. 

Services inflation was unchanged from September at 3.9% y/y and core inflation on the ECB's preferred reading came in at 2.7%.

Keep reading...Show less