Alcohol helps push up inflation 0.3%

The rate of annual inflation rose marginally in November pushed up by the cost of alcohol, tobacco, and education.

Although the prices of these goods grew by up to 6%, the surge was offset by a fall in mortgage interest costs as a result of the ECB’s decision to cut interest rates and the low price of oil.

The consumer inflation rate was recorded as 0.3% in November, up marginally from 0.1% in October.