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Published

Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut

  • Inflation in the 20-nation euro zone increased to 2% in October, higher than the expected 1.9%, according to preliminary figures from Eurostat.
  • The September inflation rate was revised down to 1.7%, below previous expectations.
  • The rise in the headline rate was influenced by a 2.9% increase in food, alcohol, and tobacco prices.
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  • 63% of the sources are Center
62% Center
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