Inflation in the Eurozone reached a record high in November

Brussels, December 1, 2008 : Inflation in the eurozone reached a record high in November due to rising energy prices.Eurostat reported.

Maeva Cousin is an economist who covers the euro area for Bloomberg Economics.She said that although energy costs and statistical effects can explain the bulk of December’s jump, todays reading revealed some stronger than expected underlying pressure "This will increase the concern about upside risks to the outlook but the European Central Bank is still likely to see inflation fall below 2 percent by the end 2022." int/khz/ #Eurozone #reached #November.