Euro-area annual inflation rose to 4.0% in October from 3.8%, InvestingLive reports, citing the preliminary estimate. Energy inflation reached 20.8%, while core inflation held at 2.5%. Services inflation edged up to 3.3% from 3.2%. The split matters for the ECB: the headline increase remains heavily energy-driven, but firmer services prices complicate the assessment of how widely those pressures are spreading.
Related currencies / asset groups: EUR
Justin Low argues persistent energy inflation risks spreading to broader prices and complicates the ECB’s balancing act.
October preliminary euro-area inflation rose to 4.0% year over year from 3.8%, matching reported expectations.
InvestingLive / ForexLiveCore annual inflation held at 2.5%, while services inflation rose to 3.3% from 3.2%.
InvestingLive / ForexLiveAnnual energy inflation reached 20.8% in October.
InvestingLive / ForexLiveLimitation: core annual inflation remained unchanged at 2.5%, and these readings are preliminary.
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