EnglishInflation in the Eurozone was not as high in November as expected in the initial official estimates, according to data published on December 16th by Eurostat, but analysts predict that the deflation fears will persist in the coming months.
Eurostat figures show that last month, inflation in the Eurozone was 0.2% (annual rate), compared to the initial estimate of 0.1%. Inflation was 0.1% in October.
Thus, inflation in November was the highest since August, but it is far below the target of the European Central Bank (ECB), of approximately 2%.
Core inflation, which excludes the volatile prices of food and energy, was 0.9% in November, compared to 1.1% in the previous month.
It bears mentioning that compared to October 2015, consumer prices in the Eurozone have decreased 0.1% in November.
Yesterday, EBC president Mario Draghi said that the measures adopted by the institution he is leading will be enough to stimulate the return of inflation in the Eurozone towards the goal of almost 2%, even though officials are prepared to adopt new stimulus measures, if necessary.
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