Eurozone inflation Up at 0.9 Percent in November

Eurozone inflation Up at 0.9 Percent in November

from AP 29 Nov 2013, 2:13 AM PDT

http://www.breitbart.com/Big-Peace/2013/11/29/Eurozone-inflation-up-at-09-percent-in-November

(AP) Eurozone inflation up at 0.9 percent in November

BRUSSELS

Official figures show that the inflation rate in the 17-country eurozone rose modestly in November, a development that may ease the pressure on the European Central Bank to loosen its monetary policy further next week.

Eurostat, the EU's statistics office, says Friday that consumer prices were up 0.9 percent in the year to November. That's up from October's 0.7 percent rate and slightly ahead of market expectations for 0.8 percent.

Still, inflation remains well below the ECB's target to keep inflation just below 2 percent. It was the sharp fall in October that prompted the central bank to cut its main interest rate to a record low of 0.25 percent.

Separately, Eurostat says unemployment across the eurozone eased from September's record high of 12.2 percent to 12.1 percent in October.

European Central Bank

European Central Bank is the central bank for the European Union (EU), and sets monetary policy for the eurozone.

Note: Mario Draghi is the president of the European Central Bank, an honorary trustee at the Brookings Institution (think tank), and was a managing director at the Goldman Sachs Group Inc. (Bailout Company).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros is the chairman for the Foundation to Promote Open Society.

Cyrus F. Freidheim Jr. is an honorary trustee at the Brookings Institution (think tank), and a member of the Commercial Club of Chicago.

Kathleen Brown is a member of the Commercial Club of Chicago, the California state government governor Jerry Brown’s sister, and a senior adviser for the Goldman Sachs Group Inc. (Bailout Company).

R. Eden Martin is the president of the Commercial Club of Chicago, and counsel at Sidley Austin LLP.

Michelle Obama was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP.

Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.

Valerie B. Jarrett is a member of the Commercial Club of Chicago, the senior adviser for the Barack Obama administration, and her great uncle is Vernon E. Jordan Jr.

Vernon E. Jordan Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at the Brookings Institution (think tank), a director at the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).

Mario Draghi is an honorary trustee at the Brookings Institution (think tank), the president of the European Central Bank, and was a managing director at the Goldman Sachs Group Inc. (Bailout Company).

European Central Bank is the central bank for the European Union (EU), and sets monetary policy for the eurozone.

James A. Johnson is an honorary trustee at the Brookings Institution (think tank), a director at the Goldman Sachs Group Inc. (Bailout Company), a member of the American Friends of Bilderberg (think tank) and a 2008 Bilderberg conference participant (think tank).