Eurozone: Inflation on the rise

The latest data has again fueled concerns about deflation, or falling prices in real terms
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financial crisis, Photo: Reuters
financial crisis, Photo: Reuters
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.
Ažurirano: 30.11.2013. 11:15h

Inflation in the Eurozone rose to 0,9 percent in November, according to official Eurostat data.

According to the latest data from statisticians, electricity prices fell by 1,1 percent in November, following a 1,7 percent decrease in October, while food, beverages and alcohol rose by 1,6 percent, compared to an earlier increase of 1,9 percent. , reports B92.

The latest data has again fueled concerns about deflation, or falling prices in real terms.

Deflation is a big danger, because it encourages consumers to delay purchases in the hope that they can get by cheaper later, which can undermine demand.

According to separate Eurostat data, the unemployment rate in the Eurozone fell to 12,1 percent in October from September's 12,2 percent, while the total number of unemployed decreased by 61 thousand to 19,3 million.

As for the unemployment rate among the youth, i.e. under the age of 25, it increased to 24,4 percent from September's 23,3 percent.

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