Markets

Markets Update: European stocks rise as inflation falls to 2.4%

Inflation in the euro area fell faster than expected last month, with Ireland’s rate slightly higher than the Eurozone average at 2.5 percent

Annual inflation in the euro area was down from 2.9 per cent in October, its slowest rate in more than two years, according to the latest figures from Eurostat. Picture: Getty

Inflation in the euro area fell more than anticipated in November to 2.4 per cent causing stocks to rise with the ISEQ All Share up 1.2 per cent on Tuesday morning.

Annual inflation in the euro area was down from 2.9 per cent in October, its slowest rate in more than two years, according to the latest figures from Eurostat. Core inflation, which strips out volatile measures, fell by 60 basis points to 3.6 per ...