Eurozone inflation confirmed at record high in November

More than half of the increase in inflation across the Eurozone is being linked to a rise in energy prices.

Inflation across the Eurozone surged to a fresh record high in November with more than half of the increase connected to the surge in energy prices.

Figures from the EU's statistics office Eurostat yesterday show inflation in the 19 countries sharing the euro rose to 4.9%, a year-on-year surge in line with an earlier Eurostat estimate.