Eurozone inflation rose better-than-expected 0.2 per cent in November

Luxembourg, Rabi’I 5, 1437, Dec 16, 2015, SPA — The prices of goods and services in the eurozone
rose by a better-than-estimated 0.2 per cent in November, compared to
the same period last year, dpa cited data as releasing Wednesday.

Fears of deflation have dogged the 19-country European currency bloc,
which has also been struggling to rev up its economy after emerging
from recession more than two years ago.

Inflation rose 0.1 percentage point from October, according to the
data published by the EU statistics agency Eurostat. The agency had
previously estimated that the cost of living had remained unchanged
month-on-month at 0.1 per cent.

But eurozone inflation remains far off the European Central Bank’s
annual target of just below 2 per cent.

–SPA
13:37 LOCAL TIME 10:37 GMT