Euro zone inflation slipped to 2.2 per cent year-on-year in November from October's 2.3 per cent and fell 0.1 per cent in November compared with the previous month, the European Union's statistics office said today.
The annual figure was in line with a previous estimate by Eurostat for price developments in the 12-member bloc in November.
The European Central Bank has cut interest rates since the preliminary November estimate was released, even though it was the fourth month in a row that inflation had surpassed the European Central Bank's self-imposed two per cent ceiling.
The October data was unrevised. Eurostat had previously reported the monthly rise as 0.3 per cent in October.
A breakdown of the November data showed core consumer prices, which exclude volatile energy and unprocessed food costs, rose 2.3 per cent on a year-on-year basis and gained 0.1 per cent from the previous month.
Inflation was the highest in Ireland with a year-on-year rate of 4.7 per cent, followed by Portugal on 4.1 per cent. It was subdued in Germany, at one per cent, and Belgium at 1.1 per cent.