Eurozone consumer prices increased more than estimated in November, final data from Eurostat showed Wednesday.
Inflation rose to 0.2 percent in November from 0.1 percent in October. The annual rate for November was revised up from 0.1 percent.
This was the second consecutive rise in consumer prices. Headline inflation has been below the European Central Bank’s target of ‘below, but close to 2 percent’ since early 2013.
On a monthly basis, consumer prices fell 0.1 percent in November.
Excluding energy, food, alcohol and tobacco, core inflation eased to 0.9 percent from 1.1 percent a month ago. The rate matched preliminary estimate.
The material has been provided by InstaForex Company – www.instaforex.com