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Euro zone inflation reaches 4% in October

A flash estimate put inflation at its highest in three years, driven largely by energy costs. The data could reinforce expectations of a European Central Bank rate rise in December.

Written by AI from 2 sources

Photo: CNBC

  • Euro zone inflation rose to 4% in October, up from 3.8% in September and its highest level in three years, according to a flash estimate. CNBCRTÉ News

  • Energy inflation climbed to 20.8% from 18.9% in September. RTÉ News said expensive energy was behind the increase. CNBCRTÉ News