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11/30/09

Businessweek - Eurozone inflation rate up at 0.6 percent in Nov

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Official figures show that consumer prices in the 16 countries that use the euro rose by 0.6 percent in the year to November. That is the first annual rise recorded by Eurostat, the EU's statistics office, since April. A return to positive territory had been anticipated in Monday's release as last year's falls in energy costs dropped out of the comparison. However, the increase is bigger than anticipated -- the consensus was for a 0.4 percent inflation rate.

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