Investing.com - Euro zone inflation rose in November, as the European Central Bank begins to end its purchase buyback program, according to flash data released by Eurostat on Thursday.
The European Union's statistics office said the consumer price index rose at an annual rate of 1.5% in November, above 1.4% in October.
The rates came in below expectations and below the ECB target inflation rate of 2%, support the central bank’s approach to gradually increasing interest rates.
Core inflation, which excludes energy and food prices and is closely watched by the ECB, rose by an annualized 0.9%, the same as last month. Analysts had expected core inflation to rise to 1.0%.
Meanwhile the unemployment rate was at its lowest level since 2009, at 8.8%.
After the report, EUR/USD was trading at 1.1818 compared to 1.1829 prior.