A pick-up in inflation this month eases pressure on the European Central Bank to act next week, and the first fall in unemployment in almost three years shows a tentative euro zone recovery is gaining traction. The double dose of data lent credence to the ECB view that the 17-country bloc is undergoing a gradual economic recovery more than five years after a financial crisis erupted, forcing five countries to seek emergency aid from their neighbors. Consumer price inflation - the rate of increases in the cost of shopping and paying household bills - rose in the euro zone by 0.9 percent in November, slightly more than economists had predicted. That put the annual inflation rate, measured on a basket of goods including cigarettes, beer and gas bills, on an upward path after an unexpected slip in October.
via Business News - Yahoo Finance http://finance.yahoo.com/news/jobs-price-growth-offer-hope-100849558.html
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