Bank Of Baku

Inflation up 0.5% in Eurozone

Inflation up 0.5% in Eurozone
# 16 December 2009 16:12 (UTC +04:00)
Baku-APA-Economics. The European Union’s Eurostat said consumer price index or CPI rose 0.5% year-on-year in November, up from 0.1% fall in October.
Inflation rate in November was revised from 0.6% estimated initially.

Across the full 27-nation European Union, inflation was at 1%, up from 0.5% in October.
Despite the better economic news, economists widely expect inflation to remain below the European Central Bank’s target of just below 2%.
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