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via cnbc.comEconomy

Euro zone inflation hits 4% for first time in three years as rate hike looms

FROM THE WIRE · CNBC.COM

Euro zone inflation rose to 4% in October, its highest level in three years, according to a flash estimate. Energy inflation accelerated to 20.8%, adding to price pressure across the currency bloc.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishAccelerating inflation raises the odds of an ECB rate hike, weighing on bond markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Euro zone inflation rose to 4% in October, according to a flash estimate.
  2. 02This is its highest level in three years.
  3. 03Energy inflation accelerated to 20.8%.

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