Eurozone October Flash CPI Estimate Rises to 4.0% Year-on-Year

Eurozone headline inflation is reported at 4.0% year-on-year in October, up from 3.8% in September and matching the 4.0% forecast. Core inflation is unchanged at 2.5%, in line with expectations. Monthly headline inflation is estimated at 0.4%, slowing from 0.6% in September. The figures suggest that the increase in headline inflation is not accompanied by a rise in the core rate.