Eurozone inflation falls to 0.3% in November 2014

FXStreet (Mumbai) - The inflation faced by households in the Eurozone fell to 0.3% year-on-year in November, down from 0.4% in October.

The core inflation in the Eurozone was confirmed unchanged at 0.7% in November, while the month-on-month CPI declined -0.2% as expected. The fall in oil prices is still not fully reflected in the November report, hence the December number can be significantly lower.