Eurozone Inflation Slowed In November

Eurozone inflation dropped 0.6 percent in November, with headline inflation at an annual 10 percent. There was a noticeable drop in energy prices which is expected to have stood at an annual rate of 34.9% in November, compared with 41.5% in October. The euro rose about 0.4 percentage points against the U.S. dollar at $1.03 shortly after the figures were released.