Inflation in the eurozone is rising

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Inflation in the eurozone is rising
Photo: Michael Probst AP/TT

Eurozone inflation rose to 2.2 percent in November, according to a report from the statistics agency Eurostat. This compares with 2.1 percent in October.

The increase was unexpected. Analysts had on average expected Eurostat to report inflation of 2.1 percent in the eurozone in November, according to a compilation of forecasts compiled by Bloomberg.

On the foreign exchange market, the euro strengthened by one penny after the publication of the inflation figures.

The so-called core inflation in the eurozone – which excludes energy and food prices – was unchanged at 2.4 percent – in line with expectations.

The highest inflationary pressures in the eurozone were measured in Estonia and Croatia, at 4.7 and 4.3 percent respectively in November. Inflation in the largest eurozone countries – France and Germany – was 0.8 and 2.6 percent respectively in November.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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