Eurozone Inflation Rises to 4% in October, Driven by Energy Costs
Eurozone consumer prices were 4.0% higher in October than a year earlier. Rising energy costs reinforced expectations of another ECB rate hike after policymakers held rates steady last week.
By Ed FranklInflation in the eurozone reached double the European Central Bank's target in October as energy costs continued to rise, reinforcing expectations that policymakers could hike the key interest rate again after holding it steady last week.Consumer prices were 4.0% higher in October than…