India, Nov. 4 -- Eurozone inflation accelerated to a three-year high in October on higher energy prices, reinforcing expectations for another interest rate hike.
Inflation increased to 4.0 percent in October from 3.8 percent in September, flash data from Eurostat showed Wednesday. Inflation matched economists' expectations and hit the highest since September 2023, when the rate was 4.3 percent.
Core inflation that excludes prices of energy, food, alcohol and tobacco remained unchanged at 2.5 percent in October.
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