Price growth in the eurozone continued to ease in October, reinforcing the European Central Bank’s view that inflation is steadily moving back towards target, though stubborn services costs and global uncertainties continue to keep policymakers on alert.
According to a flash estimate from Eurostat, annual inflation in the euro area cooled to 2.1% in October, down from 2.2% in September, and now just a hair above the ECB’s 2% medium-term target.
The figure matched expectations and adds to a string of data suggesting the post-pandemic cost-of-living crisis is being brought under cont
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