Eurozone inflation rises but it won't derail ECB rate cuts 

Inflation rises 2.3% from a year ago

President of the European Central Bank Christine Lagarde and the rest of the governing council are due to meet next month to discuss another interest rate cut. 

Eurozone inflation climbed above the European Central Bank’s (ECB) 2% target, though officials are unlikely to be deterred from continuing to lower interest rates next month and beyond.

Consumer prices rose 2.3% from a year ago in November, up from 2% in October and matching the median estimate in a Bloomberg survey of analysts. Energy base effects were a big contributor to the advance, while services-cost increases stayed elevated, Eurostat.