Eurozone inflation rises to 4.0% in October

In October, the Eurozone's annual inflation rate rose to 4.0%, up from 3.8% in September and 2.1% a year earlier, according to Eurostat. Energy prices saw the highest annual increase at 20.8%, compared to 18.9% in September. Other components also experienced growth, with services at 3.3%, food, alcohol, and tobacco at 1.6%, and non-energy industrial goods at 1.2%.