Eurozone Oct CPI ticks higher, meets estimates

According to the Eurostat’s final reading of Eurozone CPI, the annual reading came in at 0.6% in Nov, matching consensus forecast and higher than 0.5% preliminary figure.

However, the core rate showed no growth and stayed unchanged from 0.8% seen in October, while markets had predicted a 0.8% increase in the reported month.

Separately, the Eurozone Oct trade report showed that the trade surplus narrowed to EUR +19.7bln vs +24.7bln exp and 24.4bln previous.