Investing.com - Euro zone inflation came in below the European Central Bank’s target rate in October, according to a revision released by Eurostat on Thursday.
The European Union's statistics office said the revised reading showed that the consumer price index rose at an annual rate of 1.4% in October, down from 1.5% in September. Meanwhile the index rose by 0.1% month-over-month in October, revised down from 0.4% in the preliminary reading.
The revisions was in line with expectations. The ECB targets inflation of close to, but just below, 2%.
Core inflation, which excludes energy and food prices and is closely watched by the ECB, rose by an annualized 0.9%, down from 1.1% in September.
After the report, EUR/USD was trading at 1.1770 compared to 1.1776 prior.