Europe Inflation Unexpectedly Accelerated in October
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European inflation unexpectedly accelerated to the fastest in almost two years and unemployment was at a 12-year high as the recovery showed signs of losing momentum.
Euro-area consumer prices rose 1.9 percent in October from a year earlier after increasing 1.8 percent in September, the European Union statistics office in Luxembourg said today. That’s the fastest since November 2008 and above the 1.8 percent forecast by economists in a Bloomberg survey. The jobless rate was 10.1 percent in September, the highest since July 1998, a separate report showed.