Inflation & Prices
Euro-Area Inflation Slows More Than Expected With 2% in View
- Consumer prices rose 2.4% from year ago in November; est. 2.9%
- Investors are now betting on a first ECB rate cut in April
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Euro-zone inflation cooled more than expected, putting the 2% target in sight as investors step up bets that the European Central Bank will cut interest rates sooner than officials suggest.
Consumer prices rose 2.4% from a year ago in November — down from 2.9% the previous month and less than the estimates of all economists in a Bloomberg poll. Price pressures continued easing across almost all categories and remained at a two-year low.