Economics
Euro-Area Inflation Stuck Below Zero Adds to Case for ECB Action
- Consumer prices drop annual 0.3%, more than 0.2% forecast
- Reading comes ahead of expected boost to monetary stimulus
This article is for subscribers only.
Consumer prices in the euro area continued to fall in November, adding to the case for more European Central Bank stimulus next week.
The inflation rate came in at -0.3%, below the median estimate of -0.2% in a Bloomberg survey. A measure that includes volatile items such as food and energy remained at a record-low 0.2%.