Eurozone Inflation Rises Slightly Less Than Expected
Inflation in the eurozone rose slightly less sharply in November than previously expected. Inflation rose to 2.2 percent annually last month, the European statistics agency Eurostat reported based on final figures.
An earlier provisional estimate still assumed inflation of 2.3 percent. In October, consumer prices in the eurozone rose by an average of 2 percent.
Inflation is, therefore, again above the target of 2 percent used by the European Central Bank (ECB). In addition to the continued price increases for services, food, alcohol, and tobacco became more expensive again, according to Eurostat.
In addition, energy prices fell less sharply than a month earlier. Core inflation, which does not include the fluctuating prices for energy, food, alcohol and tobacco, remained unchanged at 2.7 percent. That was the same as the previous estimate.
