Euro zone factory prices nearly flatline in October

BRUSSELS: Euro zone factory prices barely rose in October, echoing the slowing pace in consumer inflation, although the European Central Bank is expected to wait a little longer before cutting interest rates to help the slumping economy.

Prices at factory gates in the 17 countries using the euro rose 0.1 percent in October from September, the EU's statistics office Eurostat said on Tuesday, just above the 0.0 percent level expected by economists polled by Reuters.