Eurostat released its consumer price inflation data for the Eurozone on Wednesday. The preliminary consumer price inflation in the Eurozone remained unchanged at an annual rate of 0.1% in November, missing expectations for a rise to 0.2%.
The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco fell to an annual rate of 0.9% in November from 1.1% in October. Analysts expected the inflation to decline to 1.0%.
Food, alcohol and tobacco prices were up 1.5% in November, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.1%, while energy prices dropped 7.3%.