Central Banks
Euro-Zone Inflation Picks up, Backing Cautious Approach on Rates
- Consumer prices rose 2% from year ago in October; est. 1.9%
- Data follow stronger-than-anticipated economic-growth numbers
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Euro-area inflation accelerated more than expected — matching the European Central Bank’s target and boosting arguments for gradual rate cuts.
Consumer prices rose 2% from a year ago in October, up from 1.7% the previous month and exceeding analysts’ estimates for a 1.9% increase, Eurostat said Thursday.