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Inflation rate at zero in Europe, could push European Central Bank to print more money

  • FILE - In this Wednesday, April 15, 2015 file photo, President of European Central Bank (ECB) Mario Draghi speaks during a press conference of the ECB in Frankfurt, Germany. Consumer price inflation crept up to an annual rate of zero in October in the 19 countries that use the euro, a weak reading that could help push the European Central Bank to expand its stimulus program. Inflation rose from minus 0.1 percent the month before, the European Union statistics agency Eurostat said Friday, Oct. 30. Falling energy prices were a major factor in keeping the rate low. But weak price increases are also a sign of less than robust demand in the economy. (AP Photo/Michael Probst, file)

    FILE - In this Wednesday, April 15, 2015 file photo, President of European Central Bank (ECB) Mario Draghi speaks during a press conference of the ECB in Frankfurt, Germany. Consumer price inflation crept up to an annual rate of zero in October in the 19 countries that use the euro, a weak reading that could help push the European Central Bank to expand its stimulus program. Inflation rose from minus 0.1 percent the month before, the European Union statistics agency Eurostat said Friday, Oct. 30. Falling energy prices were a major factor in keeping the rate low. But weak price increases are also a sign of less than robust demand in the economy. (AP Photo/Michael Probst, file)  (The Associated Press)

  • Information technology services company ATOS CEO Thierry Breton, second left, and Christophe de Maistre, Chief Executive Officer of Siemens France, right, speak with German Chancellor Angela Merkel, French President Francois Hollande, center, and European Commission President Jean-Claude Juncker, left, during a workshop on new technology during a Franco-German digital summit at the Elysee Palace in Paris Tuesday, Oct. 27, 2015.The leaders of France, Germany and the European Union's executive body are expected to push for better access to financing for startups in an effort to boost the digital economy across the continent.(Philippe Wojazer, Pool via AP)

    Information technology services company ATOS CEO Thierry Breton, second left, and Christophe de Maistre, Chief Executive Officer of Siemens France, right, speak with German Chancellor Angela Merkel, French President Francois Hollande, center, and European Commission President Jean-Claude Juncker, left, during a workshop on new technology during a Franco-German digital summit at the Elysee Palace in Paris Tuesday, Oct. 27, 2015.The leaders of France, Germany and the European Union's executive body are expected to push for better access to financing for startups in an effort to boost the digital economy across the continent.(Philippe Wojazer, Pool via AP)  (The Associated Press)

The eurozone's annual inflation rate was 0 percent in October, a weak reading that could help push the European Central Bank to expand its stimulus program.

Official statistics showed Friday that the inflation rate rose from minus 0.1 the month before. Falling energy prices were a major factor in keeping inflation low.

Weak inflation readings could push the European Central Bank to extend its monthly purchases of bonds using newly printed money. The bond purchases are slated to run at least through September 2016, but the bank has indicated it could decide to expand that program or deploy a different form of stimulus at its December meeting.

Eurozone unemployment fell to 10.8 percent in September from 10.9 percent the month before.