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Eurozone CPI stalls in October

FXStreet (Mumbai) - The preliminary data released by Eurostat, the statistical office of the European Union, showed consumer price index printed at 0.0% m/m in Oct, up from -0.1% in September 2015.

As per the official report, “alcohol & tobacco is expected to have the highest annual rate in October (1.5%, compared with 1.4% in September), followed by services (1.3%, compared with 1.2% in September), non-energy industrial goods (0.4%, compared with 0.3% in September) and energy (-8.7%, compared with -8.9% in September).”

The annualised CPI printed at 1.0% in October, beating the estimated 0.9% rise.

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