Eurozone inflation hits 4% for first time since 2023, piling pressure on ECB

Eurozone October preliminary CPI +4.0% vs +4.0% y/y expected Prior +3.8% Eurozone October preliminary core CPI +2.5% vs +2.5% y/y expected Prior +2.5% Headline annual inflation in the euro area climbs to 4% in October, hitting that mark for the first time since September 2023.…