FXstreet.com (Barcelona) - CPI grew at 2.6% in October in Eurozone, after registering a 2.1% increase in September, according to the preliminary estimations published by Eurostat.
The result came out above market expectations of a 2.3% increase. In the prelimary report, Eurostat doesn't provide detailed breakdown about the index result, but the recent increase in food and energy prices must have driven the sharp increase in CPI.
The methodology for the estimation consists in combining partial informations on price development in recent months with historical information. In the last 2 years the estimates exactly anticipated the inflation rate, while on 7 times they differed by 0.1.