Eurozone inflation fell to 2.1% in November
The inflation rate in the euro zone declined last November, and did not witness an acceleration as initially expected, according to revised data issued by the European Statistical Office (Eurostat), today, Wednesday.
The European Statistical Agency reported, in its second estimate, an increase in Consumer prices increased by 1.2% on an annual basis in November.
A preliminary estimate issued last December 2 indicated that Annual inflation rate 2.2%. The core inflation rate, which excludes volatile components, remained Such as energy and food, unchanged at 4.2%, thus confirming the initial estimate.
On a monthly basis, consumer prices decreased by 3.0%, while core prices decreased by 0.5%. The inflation rate remains slightly above the European Central Bank’s target of 2%.
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