Investing.com - Euro zone inflation rose in November but still came in below the European Central Bank’s target rate, according to a revision released by Eurostat on Monday.
The European Union's statistics office said the reading showed that the consumer price index rose at an annual rate of 1.5% in November, up from 1.4% in October. Meanwhile the index rose by 0.1% month-over-month in November, unchanged from the preliminary reading.
The revisions was in line with expectations. The ECB targets inflation of close to, but just below, 2%.
Core inflation, which excludes energy and food prices and is closely watched by the ECB, rose by an annualized 0.9%, the same as the prior month.
After the report, EUR/USD was trading at 1.1788 compared to 1.1794 prior.