Inflation seen easing to 3% in November
[AMNA]
The European Union-harmonized inflation rate in Greece fell to 3% in November, according to Eurostat’s preliminary data, after the jump of 3.8% it had made in October.
In the eurozone, inflation continued to slow closer to the ECB’s 2% target, at a faster pace than expected. Inflation in the bloc hit a two-year low of 2.4% in November, from 2.9% in October.
The majority of countries showed a small or large deceleration in the rise in prices this month.
On a European level, according to the data, the food, alcohol and tobacco category continued to fuel inflation, albeit at a slower pace, rising 6.9% in November compared to 7.4% in October.
