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🚨 Eurozone inflation hit 4.0% in October — double the European Central Bank's 2% target and the highest since September 2023, according to Eurostat. Prices rose from 3.8% in September, driven by energy costs up 20.8% year-on-year. Core inflation, which strips out food and energy, held steady at 2.5%. The ECB held its key rate at 2.5% on October 29, but markets now price an ~85% chance of a quarter-point hike at the December 17 meeting. #Eurozone #Inflation #ECB #Eurostat #Economy #Finance #Markets #Zimbuck