By Marcus Leach

Data released today (Wednesday) by Eurostat, the EU statistics agency, has revealed that inflation in the eurozone remained at 3% in October.

This figure is unchanged from the month before, and reflects the fact that energy costs remained high.

However, the rate is still above the European Central Bank's target of 2%, but analysts suggested that the rate could fall in the coming months.

The data Eurostat released also showed that across the 27-nation EU the average inflation rate was 3.4%, with the highest rate in the UK at 5%.

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