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Eurozone inflation eases to 2.5% in October

31 October 2012, 11:19 CET
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(BRUSSELS) - Inflation in the 17-state eurozone eased to 2.5 percent in October from 2.6 percent in September, official data showed on Wednesday, as the slowing economy took the pressure off prices.

The Eurostat data agency said preliminary figures showed energy prices, the main driver of inflation at the moment, increased 7.8 percent in October, slowing after a gain of 9.1 percent in September.

The latest data means the eurozone inflation rate has now run well above the European Central Bank's target of below but close to 2.0 percent since December 2010.

Euro area inflation estimated at 2.5% [Eurostat]


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