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Inflation in the eurozone progresses to 1.5% in November

Ⓒ AFP – Gabriel Bouys – | A store of makeup products in Madrid offers discounts on November 24, 2017 on the occasion of ‘Black Friday’

Inflation in the eurozone rose slightly to 1.5% in November, Eurostat said on Thursday, far from the European Central Bank (ECB) target of a figure close to 2%.

This first estimate of the European statistics office is lower than the forecasts of the analysts consulted by the financial services provider Factset, who bet on an annual percentage of 1.6% in November.

Core inflation -which does not take into account the volatile prices of energy, food, alcohol and tobacco- was 0.9% in November, the same as in October, after registering 1.2% in July and August and 1.1% in September.

The ECB considers that inflation slightly lower than 2.0% year-on-year is a sign of good economic health, since it corresponds to the definition of price stability.

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