Big drop in eurozone inflation to 2.2% in November
(BRUSSELS) - Inflation in the 17-state eurozone fell sharply to 2.2 percent in November from 2.5 percent in October, official data showed on Friday, as the slowing economy took the pressure off prices.
The Eurostat data agency said preliminary figures showed energy prices, the main driver of inflation at the moment, increased 5.8 percent in November, after 8.0 percent in October.
The latest data means the eurozone inflation rate remains above the European Central Bank's target of below but close to 2.0 percent since December 2010, but for the first time in two years, appears to be stabilising.
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