Mario Draghi

Eurozone inflation running at highest since April 2014

Food price increases helped push inflation across the 19-country eurozone to its highest rate in two and a half years, official figures showed Wednesday. However, the rise in the annual rate to 0.6 percent is unlikely to alter expectations that the European Central Bank will extend its stimulus program next week.

The rise in the November rate as reported by Eurostat, the European Union's statistics agency, was somewhat of a surprise in markets following lower than anticipated German figures. Most economists had penciled in an unchanged rate of 0.5 percent.

Inflation in the eurozone is now at its highest since April 2014, when inflation stood at 0.7 percent.

Eurostat...

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