Euro-Zone Inflation Edges Higher, Backing Steady ECB Rates

Euro-area inflation inched up, supporting the European Central Bank’s view that there’s little reason to lower borrowing costs further.

Consumer prices rose 2.2% from a year ago in November, up from 2.1% in the previous month and just ahead of the median estimate in a Bloomberg poll of economists. Core inflation, which strips out volatile food and energy costs, was unchanged at 2.4%, while closely watched services edged higher.