Eurozone Preliminary HICP inflation rises to 2.3% YoY in November, as expected

The Eurozone Harmonized Index of Consumer Prices (HICP) increased at an annual rate of 2.3% in November after reporting a 2.0% growth in October, the official data released by Eurostat showed Friday. The reading matched the market forecast of 2.3% in the reported period.

The Core HICP rose 2.8% YoY in November, a tad quicker than the 2.7% increase in October and met the 2.8% estimate.

developing story ....