Euro-Area Inflation Holds at Less Than Half ECB Ceiling
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Euro-area inflation stayed below 1 percent for a second month, less than half the European Central Bank’s ceiling, underscoring the weakness in parts of the euro region’s economy.
The annual rate rose to 0.9 percent from 0.7 percent in October, the European Union’s statistics office in Luxembourg said in a preliminary estimate today. The median forecast in a Bloomberg News survey of 44 economists was for 0.8 percent. Separately, unemployment unexpectedly dropped to 12.1 percent.