Eurozone inflation held steady in November, while core inflation weakened unexpectedly, flash data from Eurostat showed Wednesday.
Inflation came in at 0.1 percent, the same rate as seen in October. This was the second consecutive rise in prices. Economists had forecast inflation to rise to 0.3 percent.
Headline inflation remains well below the European Central Bank’s target of ‘below, but close to 2 percent’
Excluding energy, food, alcohol and tobacco, core inflation eased to 0.9 percent from 1.1 percent a month ago. It was forecast to remain at 1.1 percent.
Cost of food, alcohol and tobacco rose at a slightly slower pace of 1.5 percent, while energy prices plunged 7.3 percent. Non-energy industrial goods prices and services cost gained 0.5 percent and 1.1 percent, respectively.
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