Inflation in the Eurozone rose in line with analysts' expectations, reaching 2.3% in November from 2% in the previous month, slightly above the ECB's target. In Greece, according to Eurostat's preliminary data, the consumer price index is estimated to have reached 3%, showing a slight decline compared to 3.1% in October.

As for Greece, the first data for the month show a decline after four months. Specifically, the country's consumer price index stood at 3.1% in September and October, compared to 3.2% in August.

At the Eurozone level, prices "ran" at a 2.3% pace after the sharp slowdown in October to 2%, which caused concerns and prompted the European Central Bank to cut lending rates further. Eurostat data show that inflation in the services sector continues to gallop, rising 3.9% in November (up from 4% in October). A more limited contribution was made by the food, alcohol and tobacco sector, where inflation rose to 2.8% from 2.9% in October.

This was followed by non-energy industrial goods (0.7% from 0.5% in the previous month) and energy, which continued to decelerate to -1.9% from -4.6%.