Eurozone Inflation Rises to 2% in October, Exceeding Expectations

Driven by food prices, Eurozone inflation rebounds while France sees near-stable rates below 2%, according to latest data.

Eurozone inflation increased to 2% year-on-year in October, surpassing analyst predictions of 1.9%.
The rise in inflation was primarily driven by higher food prices, with energy prices declining less than in previous months.
In France, inflation remained nearly stable at 1.2% year-on-year, slightly up from 1.1% in September.
The French harmonized inflation rate, which allows comparison across the Eurozone, was 1.5% in October.
The European Central Bank has eased monetary policy with three interest rate cuts since June to support economic growth.