Eurozone inflation climbs to 2.2% in October

GERMANY - Inflation in the Eurozone continued to climb in October according to the estimate released on Thursday by Eurostat, the European Commission's Statistical Office.

Inflation in the 12 member bloc rose to 2.2 per cent in October from 2.1 per cent in September. The figure was in line with the consensus forecast but this is the third month in a row that inflation has remained above the European Central Bank's 2 per cent ceiling, reported the Financial Times.

Klaus Baader of Lehman Brothers