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Euro zone inflation up a notch to 2.2% in November, flash data shows
Euro zone inflation stood at 2.2% in November, marking a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday. The latest consumer price index reading is just a shade above the European Central Bank’s 2% target. Economists polled by Reuters expected a reading of 2.1% for the twelve months to November. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in November, at 3.5% compared with 3.4% in October, Eurostat said. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, was at 2.4% in ... (full story)