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Eurozone inflation continues to rise

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By Euronews
Eurozone inflation continues to rise

<p>Inflation in the Eurozone crept up again in November by a tenth of one percent as food prices rose and core inflation grew.</p> <p>This should please the European Central Bank, which wants a higher overall level of inflation, at around 2% in the medium term. It has been buying eurozone government bonds to inject cash into the banking system and make banks lend to the real economy.</p> <p>Consumer prices rose 0.6% year-on-year, even though energy prices actually fell by 1.1%. Stripping out volatile energy and unprocessed food from the figures gave an overall inflation figure of 0.8%, a tenth of a point higher than October.</p> <p>The <span class="caps">ECB</span>’s Governing Council meets next Thursday, Dec. 8, and is expected to extend its bond-buying beyond its initial March cut-off date.</p>