Daily Alert – Tuesday 31st October 2023: Eurozone inflation (and growth) falling

Mark NugentDaily Alert, October 2023

Daily Alert – Tuesday 31st October 2023: Eurozone inflation (and growth) falling Good afternoon. Eurozone inflation (Headline Harmonised Consumer Price Index, y/y October) has dropped to 2.9%, its lowest level in two years, from a September reading of 4.3%. Eurozone GDP (y/y, October) weakened to 0.1% form 0.5% in September. So, all the European Central Bank’s rate hikes are working. …