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Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in October from -0.1% in September, in line with expectations.
The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco to an annual rate of 1.0% in October from 0.9% in September. Analysts expected the inflation to remain unchanged.
Food, alcohol and tobacco prices were up 1.5% in October, non-energy industrial goods prices gained 0.4%, and services prices climbed 1.3%, while energy prices dropped 8.7%.
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