Euro zone price pressures fell in October close to June's 27-month low, easing in three of the region's biggest economies, an indicator designed to forecast inflation trends showed today.

The Eurozone Future Inflation Gauge produced by the Economic Cycle Research Institute (ECRI) fell to 93.3 in October from 93.7 in September, as similar national gauges fell in France, Spain and Italy and held steady in Germany.

Flash headline inflation in the 17-nation currency region eased to 2.2 per cent in November, its lowest level since December 2010, but unemployment rose to new record highs in October, official data showed today.

However, economists in a Reuters poll were divided on whether the flagging growth prospects and falling inflation will prompt the European Central Bank to ease monetary policy further early next year.

Reuters