Inflation in the Euro area in November accelerated to 0.2%


Moscow. December 16. The rise in consumer prices in the Eurozone in November 2015 was 0.2% compared to the same month a year earlier, accelerating compared to 0.1% in October and became the highest since July, according to final data of the Statistical office of the European Union (Eurostat).

Preliminary data pointed to inflation at 0.1%. Analysts surveyed by Bloomberg, did not expect the review of dynamics of consumer prices.

Inflation excluding volatile factors such as energy prices, food and alcohol (Core CPI index, which tracks the European Central Bank) amounted in November to 0.9%, slowing down from 1.1 percent a month earlier. Preliminary data also indicated a 0.9% increase, so was the median forecast of experts.

Consumer prices in the Eurozone fell in November by 0.1% compared with October, while economists forecast a drop of 0.2%. In the previous month was marked by the growth of prices by 0.1% relative to September.

Energy costs in the Eurozone in November fell by 7.3% compared with the same month last year, food, alcohol and tobacco rose by 1.5%.

Inflation in the Eurozone remains below the target of the European Central Bank (ECB) of 2%, for more than two years, despite a decrease in rates to record low levels, as well as a programme of quantitative easing.

According to the forecast of the ECB, inflation in the Euro area in 2016 will be 1% and will accelerate to 1.6% in 2017.