Forexpros – Consumer price inflation in the euro zone was unchanged in November, holding steady for the third consecutive month, preliminary data showed on Wednesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 3.0% in November, unchanged from the previous month and broadly in line with market expectations.
The rate remains above the European Central Bank’s target of near but just below 2%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.22% to trade at 1.3284.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 slumped 0.7%, France’s CAC 40 fell 0.8%, the FTSE 100 declined 0.4%, while Germany’s DAX dropped 0.65%.
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