Eurozone inflation slowed in November to 2%

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Statistical Office Eurostat reported a 2% rise in consumer prices in the euro area in November compared to the same month in 2017, which confirmed analysts' expectations. Regarding the October increase of 2.2%, inflation slowed in November. Inflation, which does not take into account the cost of energy, food and alcohol, was 1%, while experts had expected it at the level of 1.1%. Energy prices showed the most significant growth in November, having increased over the year by 9.1%. Food, alcohol and tobacco products increased in price by 2%, services - by 1.3%.

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