According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.3% in October, meeting expectations of -0.3% and -0.3% previous.
Meanwhile, the core figures rose by 0.2% in the reported month when compared to +0.2% expectations and +0.2% previous.
Separately, Eurozone September Unemployment Rate arrived at 8.3% vs 8.3% expected and 8.1% previous.
Key details (via Eurostat)
“Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in October (2.0%, compared with 1.8% in September), followed by services (0.4%, compared with 0.5% in September), non-energy industrial goods (-0.1%, compared with -0.3% in September) and energy (-8.4%, compared with -8.2% in September).”
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