Inflation Rises Slightly in EU With Unemployment Rate Unchanged

Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off.

The flash inflation figure of 0.4% for October was up from 0.3% in September, Eurostat said.

The services sector was the biggest influence on the rise, showing an increase of 1.2% compared with a 1.1% rise in September.

The eurozone’s unemployment rate remained unchanged at 11.5% in September compared with August.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza