The consumer prices in the Eurozone rose 0.6% in November 2016 compared to the same month in 2015, according to final data from Eurostat. In October, the annual inflation rate in the Eurozone was recorded at 0.5%.
The dynamics of prices coincided with both the preliminary data, and with an average forecast of experts polled by Bloomberg. This price increase was the highest since April, 2014.
Compared to October of the current year, prices fell 0.1%, which also coincided with the preliminary data.
In the 28 EU countries, the prices in annual terms also rose 0.6% after inflation of 0.5% in October. In monthly terms, prices in the EU have not changed.
In November, annualized deflation was observed in 6 EU countries, in particular, Bulgaria and Cyprus, where prices fell 0.8%. The highest increase in consumer prices was recorded in Belgium (1.7%), the Czech Republic (1.6%) and Austria (1.5%).
Consumer prices excluding such volatile factors such as energy prices, food and alcohol (core CPI index, which is monitored by the European Central Bank) increased in November by 0.8% in annual terms, following a similar increase the previous month.
Inflation in the Eurozone remained below the target of the European Central Bank (ECB), which is 2%, for more than two years.
The foreign trade surplus of the Eurozone (with countries that are not members of the Eurozone) in October 2016 decreased to 26.05 billion euro from 26.5 billion euro in September, Eurostat data show.
Compared to October 2015, foreign trade surplus declined by 13.4%.
Analysts had expected a rate increase to EUR 29 billion.
The exports from the 19 eurozone countries to countries that are not members of the Eurozone was 172.5 billion euro in October, a decrease of 5% compared to the same period last year. Imports declined by 3%, to 152.4 billion euro.
During 10 months, the exports from the Eurozoen in relation to the same period in 2015 decreased by 1% and amounted to 1 trillion 684.7 billion euro, while imports decreased by 3%, to 1 trillion 460.9 billion euro. The foreign trade surplus of the Eurozone for 10 months increased by 17%, to 223.8 billion euros.