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Eurozone inflation was higher than anticipated in November buoyed by rising oil prices. MOREINFO: * Eurozone inflation highest in 6 years * Germany against EU emissions proposal * European investors remain jittery over world economy fears SCRIPT: Expensive oil and food prices boosted eurozone inflation in November to the highest level in six and a half years - higher than initially expected. Eurostat said consumer prices in the 13 countries rose 3.1 percent year-on-year - higher than the 3.0 percent that shaped markets expectations. The European Central Bank wants to keep inflation below 2 percent but left interest rates unchanged last week because of concerns about the full impact of the global credit crunch on the eurozone economy. Economist and the ECB expect above-target inflation to last for much of 2008. /// And one of the reasons behind inflation in the Eurozone, oil, gave up early gains on Friday, pressured by an advance in the dollar to six-week highs and a warning...
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European markets update

Eurozone inflation was higher than anticipated in... (more)
Channel:Mediascrape Category:Business Views:20
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