Euro area annual inflation was 0.6% in November 2016, up from 0.5% in October. In November 2015 the rate was 0.1%. European Union annual inflation was 0.6% in November 2016, up from 0.5% in October. A year earlier the rate was 0.1%. These figures come from Eurostat, the statistical office of the European Union.
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.07 percentage points), rents and tobacco (both +0.04 pp), while gas (-0.11 pp), heating oil (-0.05 pp) and package holidays (-0.04 pp) had the biggest downward impacts.
Euro is currently being traded around 1.0420 level. Pair is likely to find support around 1.04 handle and resistance above 1.05 area.
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