Inflation Rises Slightly in EU With Unemployment Rate Unchanged

Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off.

The flash inflation figure of 0.4% for October was up from 0.3% in September, Eurostat said.

The services sector was the biggest influence on the rise, showing an increase of 1.2% compared with a 1.1% rise in September.

The eurozone’s unemployment rate remained unchanged at 11.5% in September compared with August.

via BBC