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Eurozone inflation nudges up to 0.1 pct in October

Xinhua, November 16, 2015 Adjust font size:

The annual inflation in Eurozone was confirmed at 0.1 percent in October, greater than the previously estimated 0 percent, official data showed on Monday.

In September, the reading was -0.1 percent due to the slumping of energy prices, according to Eurostat, the statistic agency of the European Union (EU).

In the wider 28-country EU, the annual inflation in October was confirmed at 0 percent, up from the -0.1 percent in September.

Eurostat said negative annual rates were observed in 13 member states in October. The lowest annual rates were registered in Cyprus (-1.8 percent), Romania (-1.4 percent) and Bulgaria (-1.2 percent).

The highest annual rates were recorded in Malta (1.6 percent), Belgium (1.2 percent) and Sweden (0.9 percent).

The October reading was still far from the targeted 2 percent inflation goal set by the bloc's central bank. It was widely expected that the bank will expand its massive asset purchasing program and launch more stimulus measures in December. Endit