Euro zone inflation accelerated in November and its most closely watched components remained high, data showed today, adding to the case for a more cautious European Central Bank interest rate cut next month.
Consumer price inflation in the 20 countries sharing the euro stood at 2.3% in November, according to the data from Eurostat.
In the UK too, prices increased at a more substantial pace than had been expected - A headline rate of 2.6 percent.
