Headline inflation rose more-than-expected to the ECB's inflation target at 2.0% in October.
Headline inflation rose more-than-expected to the ECB 's inflation target at 2.0% in October. Core inflation and core services inflation remained unchanged, while the unemployment rate was revised to a record low at 6.3%, Nordea’s economists Anders Svendsen and Tuuli Koivu note.
” “When we’re still not too worried, it is because those increases were likely temporary, driven by two specific categories, and because of the news from the German car industry about factory closures, adding weakness to the labour markets going forward and lowering the risk to too high wage growth. Most ECB speakers including President Lagarde have argued that inflation victory is within sight.
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