Investing.com - Consumer price inflation in the euro zone held steady in November, unchanged from a preliminary estimate, official data showed on Tuesday.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 0.9% last month, unchanged from an initial estimate and in line with expectations. Euro zone inflation rose by 0.7% in October.
The rate remains below the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs inched up to a seasonally adjusted 0.9% last month, in line with forecasts and up from an initial estimate of 0.8%.
Following the release of that data, the euro remained little changed against the U.S. dollar, with EUR/USD inching up 0.05% to trade at 1.3769, compared to 1.3765 ahead of the data.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.6%, France’s CAC 40 declined 0.9%, Germany's DAX shed 0.45%, while London’s FTSE 100 dipped 0.5%.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 0.9% last month, unchanged from an initial estimate and in line with expectations. Euro zone inflation rose by 0.7% in October.
The rate remains below the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs inched up to a seasonally adjusted 0.9% last month, in line with forecasts and up from an initial estimate of 0.8%.
Following the release of that data, the euro remained little changed against the U.S. dollar, with EUR/USD inching up 0.05% to trade at 1.3769, compared to 1.3765 ahead of the data.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.6%, France’s CAC 40 declined 0.9%, Germany's DAX shed 0.45%, while London’s FTSE 100 dipped 0.5%.