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Inflation in the eurozone falls

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Inflation in the eurozone falls
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One of the smallest rises in energy prices in a year has helped to bring down the rate of inflation in the eurozone.

The annual consumer price inflation reading for November dropped to 2.2 percent from 2.5 percent in October.

Companies which have been hit by the harsh financial climate and households which are struggling with debt have lost the confidence to spend and invest are also factors which have led to the drop in inflation.

The figures are now close to the European Central Bank’s target of just below 2 percent opening the door to speculation there could be more rate cuts by the bank.