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Eurozone inflation pressures up a tad in Oct but still muted

Eurozone inflation will remain subdued in coming months despite price pressures edging up from their lowest level in almost four years, an indicator designed to predict cyclical trends showed on Friday.

The Eurozone Future Inflation Gauge (EZFIG), published by the Economic Cycle Research Institute, nudged up to 90.5 in October from September's 90.2.

"Although the EZFIG increased in October, it remains in a cyclical downtrend. Thus, eurozone inflation is likely to stay soft," said Lakshman Achuthan, ECRI's chief operations officer.

Preliminary data last week showed inflation picked up last month, slightly more than economists expected, but not enough for the European Central Bank to abandon its loose monetary policy to help the bloc's recovery.


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