Eurozone inflation confirmed at 2.2% for November
14 December 2012, 12:28 CET
(BRUSSELS) - Inflation in the 17-country eurozone fell sharply to 2.2 percent in November from 2.5 percent in October, official data confirmed on Friday, as the slowing economy took pressure off prices.
The Eurostat data agency gave national breakdowns as 1.9 percent for Germany, 1.6 percent for France and 2.6 percent for Italy, with Greece at just 0.4 percent.
The latest data means that eurozone inflation has remained above the European Central Bank's target of below but close to 2.0 percent since December 2010, but also that it is stabilising for the first time in two years.