Euro zone final CPI positively surprises in Oct

By FXStreet FXStreet (Mumbai) – The consumer prices in the 19-nation bloc ticker higher in Oct, and surprised markets on the upside, the Eurostat revealed on Monday.

Euro area annual inflation was 0.1% in October, up from -0.1% in September. In October 2014 the rate was 0.4%. On a monthly basis, consumer prices in the bloc increased to 0.1% following a 0.2% result in September, matching estimates of 0.1%.

As noted by Eurostat, “The largest upward impacts to euro area annual inflation came from vegetables (+0.14 percentage points), restaurants & cafés (+0.10 pp) and fruit (+0.07 pp), while fuels for transport (-0.68 pp), heating oil (-0.22 pp) and gas (-0.09 pp) had the biggest downward impacts.”
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Source:: FX Street