Urgent.. Final inflation data released for the Eurozone.

On Tuesday, Eurostat, the European statistics office, released the final data for the annual Consumer Price Index (inflation rate) in the Eurozone for October, which matched the preliminary readings for inflation rates in the region.

According to the reported data, annual inflation in the Eurozone was recorded at 2.0% during October, which was in line with preliminary estimates. The inflation reading for September had recorded 2.6%.

As for core inflation, final data showed that the annual Consumer Price Index (CPI) for core values – which measures the change in prices of goods and services bought by consumers while excluding changes in food and energy prices, as well as alcohol and tobacco – grew by 2.7% in October, also matching the preliminary reading and the previous core inflation rate for September.

The Consumer Price Index measures the change in prices of goods consumed by individuals, and consumer prices are considered a significant way to determine changes in purchasing trends and inflation rates in the Eurozone, which have strong implications for the European Central Bank's actions regarding monetary policy direction.