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International Business Times
International Business Times
Business
AFP News

Eurozone Inflation Rebounds More Than Expected In October

Eurozone inflation rose more than expected to reach 2.0 percent in October (Credit: AFP)

The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target.

Year-on-year consumer price increases in the 20-country single currency area reached 2.0 percent in October, rising from 1.7 percent in September, the EU's official data agency said.

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