Euro-Area Inflation Picks Up From Five-Year Low: Economy

Euro-area inflation accelerated from a five-year low in October, offering some reprieve to European Central Bank policy makers struggling to prevent a spiral of price declines.

Consumer prices rose 0.4 percent from a year earlier, the European Union’s statistics office in Luxembourg said today. That’s in line with the median of 41 estimates in a Bloomberg News survey and follows a reading of 0.3 percent in September. Unemployment held at 11.5 percent in September, Eurostat said in a separate report.