Eurozone Inflation Rate Hits 10.7% in October - Eurostat

By Scott Kanowsky

Investing.com -- Consumer price growth in the Eurozone touched a new high for the twelfth straight month, according to the European Union's statistics office, driven by a continued spike in energy costs.

Annual inflation in the currency area jumped 10.7% in October, rising from the prior level of 9.9% and above economists' estimates of 10.2%.

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