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Eurozone Nov Inflation Eases As Estimated

Eurozone inflation slowed as estimated to 2.2 percent in November from 2.5 percent in October, final data from Eurostat showed Friday. On a monthly basis, prices fell 0.2 percent.

The decrease largely reflects slowdown in energy price growth to 5.7 percent annually from 8 percent.

Core inflation that excludes volatile energy, food, alcohol and tobacco prices, came in at 1.4 percent, down from 1.5 percent in the previous month. The rate was expected to remain at 1.5 percent.

In a separate report, the statistical office said the number of persons employed decreased 0.2 percent in the third quarter from the prior quarter, when it remained stable. Employment decreased in most sectors, the largest fall being recorded in construction.

by RTT Staff Writer

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