Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target.
Economists polled by Reuters had expected the 2.3% annual rate for the month, up from 2% in October.
Core inflation, excluding volatile energy, food, alcohol and tobacco prices, held at 2.7% for a third straight month in November.
Inflation came in slightly higher than forecast in October, while ECB policymakers, including executive board member Isabel Schnabel, have stressed the need for caution in monetary easing.
The ECB's decision will largely be informed by the latest staff macroeconomic projections it will receive just ahead of its upcoming Dec. 12 meeting.
Persons:
Sebastian Kahnert, Price, Isabel Schnabel, Donald Trump
Organizations:
Getty, Eurostat, Central, Reuters, ECB
Locations:
Dresden, Union