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Evening Standard
Evening Standard
Business
Michael Hunter and Simon Hunt

Eurozone inflation slowdown raises hopes that price rises may be near their peak

Inflation eurozone ECB ING

Euro coins

(Picture: PA Archive)

Eurozone inflation slowed more than expected in November, official data has shown, boosting hopes that the peak for double-digit price rises may be within sight and potentially opening the way for smaller interest rate hikes.

Consumer prices rose 10% on last year according to data from Eurostat, lower than October’s rise of 10.6% and lower than analyst expectations of 10.4%, according to estimates by the Reuters news agency.

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