Eurozone inflation renews peak

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Eurozone final inflation renewed its peak with 10.6 percent in October.

Eurozone consumer prices rose by 10.6 percent in October compared to the previous year, below expectations with high energy prices.

Economists predicted that consumer prices in the Eurozone would increase by 10.7 percent.

According to data from Eurostat, the statistical agency of the European Union, inflation increased by 1.5 percent in October compared to the previous month.

Core inflation in the Eurozone, which is calculated by excluding energy and unprocessed food prices, increased by 6.4 percent compared to the previous year, in line with expectations.

Core inflation increased by 0.7 percent compared to the previous month.

Inflation in the Eurozone was announced as 9.9 percent in September.

 

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