Investing.com – Consumer price inflation in the euro zone was unchanged in October, broadly in line with expectations, official data showed on Wednesday.
In a report, Eurostat said consumer price inflation held steady at 3.0% in October, unchanged from the previous month and broadly in line with market expectations.
Month-on-month, CPI rose 0.3%, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, was also unchanged, holding steady at a seasonally adjusted 1.6%, in line with expectations.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.05% to trade at 1.3547.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rallied 1.8%, France’s CAC 40 rose 1.55%, Germany's DAX gained 1.35%, while the FTSE 100 rose 0.65%.
In a report, Eurostat said consumer price inflation held steady at 3.0% in October, unchanged from the previous month and broadly in line with market expectations.
Month-on-month, CPI rose 0.3%, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, was also unchanged, holding steady at a seasonally adjusted 1.6%, in line with expectations.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.05% to trade at 1.3547.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rallied 1.8%, France’s CAC 40 rose 1.55%, Germany's DAX gained 1.35%, while the FTSE 100 rose 0.65%.