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

Inflation in the eurozone is rising

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.

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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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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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