Tags: Europe | Economy

Eurozone Inflation Firms but Still below Central Bank Goal

Eurozone Inflation Firms but Still below Central Bank Goal

Friday, 29 November 2019 05:39 AM EST

BRUSSELS (AP) — Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.

Statistics agency Eurostat said Friday that consumer prices were up 1% in the year to November. That’s up from the previous month’s rate of 0.7% and ahead of market expectations for a more modest increase to 0.9%.

Eurostat said that was due to higher food, alcohol and tobacco costs.

Stripping out those items, as well as energy costs, the so-called core inflation rate also increased, to 1.3% from 1.1%. That suggests underlying inflation partly related to wage increases may be firming.

Still, inflation, by whatever measure, is below the ECB’s aim of near 2%.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.Statistics agency Eurostat said Friday that consumer prices were...
Europe,Economy
130
2019-39-29
Friday, 29 November 2019 05:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved