BRUSSELS Nov 30 Euro zone inflation inched up
another tenth of a percentage point in November as food and core
inflation pushed higher, providing modest comfort for European
Central Bank policymakers who meet next week.
The European Union's statistics office Eurostat said
consumer prices rose 0.6 percent year-on-year in November,
picking up from 0.5 percent in October and 0.4 percent in
The increase was in line with the average expectation in a
Reuters poll of 47 economists.
Energy prices were actually 1.1 percent lower in November
than 12 months earlier, compared to 0.9 percent down in October.
Excluding the most volatile prices for unprocessed food and
energy, inflation was 0.8 percent year-on-year, from 0.7 percent
in October and the same as the level of the previous five
months. The figure is the one the ECB uses as core inflation.
The European Central Bank wants a higher rate of overall
inflation -- close to 2 percent over the medium term -- and has
been buying euro zone government bonds to inject cash into the
banking system and make banks lend to the real economy.
The ECB's Governing Council meets next Thursday, Dec. 8, and
is expected to extend its bond-buying beyond an initial target
date in March.
Eurostat's flash estimate for the month does not include a
(Reporting By Philip Blenkinsop; Editing by Alastair Macdonald)