Investing.com – Consumer price inflation in the euro zone was unchanged in line with expectations, official data showed on Tuesday.
In a report, Eurostat said that the rate of consumer price inflation was a seasonally adjusted 1.9% in October, unchanged from September, as widely expected.
The report said that an increase in transportation prices, which rose by 4.3%, was offset by a decline in the communications and clothing sector.
The report showed that core CPI, which excludes food, energy, alcohol, and tobacco costs rose unexpectedly to a seasonally adjusted 1.1% in October, up from 1.00% in September.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.07% to hit 1.3597.
Meanwhile, European stock markets were down. The EURO STOXX 50 dropped 1.05%, France’s CAC 40 tumbled 1.28%, Germany's DAX was down 0.42%, while the FTSE 100 fell 1.25%.
In a report, Eurostat said that the rate of consumer price inflation was a seasonally adjusted 1.9% in October, unchanged from September, as widely expected.
The report said that an increase in transportation prices, which rose by 4.3%, was offset by a decline in the communications and clothing sector.
The report showed that core CPI, which excludes food, energy, alcohol, and tobacco costs rose unexpectedly to a seasonally adjusted 1.1% in October, up from 1.00% in September.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.07% to hit 1.3597.
Meanwhile, European stock markets were down. The EURO STOXX 50 dropped 1.05%, France’s CAC 40 tumbled 1.28%, Germany's DAX was down 0.42%, while the FTSE 100 fell 1.25%.