Investing.com – Consumer price inflation in the euro zone was unchanged in line with expectations in November, official data showed on Thursday.
In a report, Eurostat said that the rate of consumer price inflation was a seasonally adjusted 1.9% in November, unchanged from October, as widely expected.
The report showed that core CPI, which excludes food, energy, alcohol, and tobacco costs was unchanged in November, holding steady at 1.1%, broadly in line with expectations.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.08% to hit 1.3225.
Meanwhile, European stock markets were up. The EURO STOXX 50 added 0.05%, France’s CAC 40 gained 0.23%, Germany's DAX was up 0.13%, while the FTSE 100 climbed 0.27%.
In a report, Eurostat said that the rate of consumer price inflation was a seasonally adjusted 1.9% in November, unchanged from October, as widely expected.
The report showed that core CPI, which excludes food, energy, alcohol, and tobacco costs was unchanged in November, holding steady at 1.1%, broadly in line with expectations.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.08% to hit 1.3225.
Meanwhile, European stock markets were up. The EURO STOXX 50 added 0.05%, France’s CAC 40 gained 0.23%, Germany's DAX was up 0.13%, while the FTSE 100 climbed 0.27%.