Annual Inflation in the Eurozone Reaches 2.0% in October, Exceeding Expectations

Data released by the European Statistics Office on Thursday revealed
that the annual inflation rate in the Eurozone rose higher
than market expectations for October.

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Inflation
China
Germany

Inflation

According to the data, the annual inflation rate in the Eurozone increased to 2.0%, surpassing expectations of 1.9%.
The previous reading for September was 1.7%.
As for core inflation, which excludes food, energy, alcohol, and tobacco prices,
the preliminary reading for the annual consumer price index in October stood at 2.7%, exceeding the forecast of 2.6%.
This figure is the same as the core inflation rate in September, which also registered 2.7%.

China

Chinese Central Bank Injects $70 Billion to Boost Liquidity and Support the Economy
The Chinese central bank injected liquidity amounting to $70 billion into the financial markets this month through a new monetary policy tool. This move aims to ease liquidity pressures on the fragile economy and encourage banks to offer more loans.
The People’s Bank of China stated in a release on Thursday that it conducted reverse repurchase agreements worth 500 billion yuan in October to ensure sufficient liquidity in the banking system.
This is the first time this new tool has been used, which was unveiled earlier this week. It aims to support the economy in the face of challenges such as declining domestic demand and the ongoing real estate crisis.

Germany

Strong Recovery in German Retail Sales Surpasses September Expectations
Data from the German Federal Statistics Office (Destatis) on Thursday reported a significant recovery in German retail sales for September, surpassing market expectations. According to the data, retail sales rose by 3.8% year-on-year,
while the forecast anticipated a growth rate of just 1.6%, following a 2.1% increase in August.
The Federal Statistics Office also noted that retail sales increased by 1.2% on a monthly basis in September,
after a 1.6% rise in August, whereas expectations had predicted a 0.5% decline.

Annual Inflation in the Eurozone Reaches 2.0% in October, Exceeding Expectations

Annual Inflation in the Eurozone Reaches 2.0% in October

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