MNI: EMU Nov Headline Infla Edges Higher, Core Comes In Unch

--Preliminary Data Sees EMU Nov HICP At 1.5% Y/Y

--November Core Inflation At 0.9% y/y vs Oct 0.9%

     FRANKFURT (MNI) - Euro area November headline inflation edged higher from

the October print, while the stubbornly low core reading was unchanged,

according to preliminary data released by Eurostat on Thursday.

     The November headline reading of 1.5% on the year was below market

expectations centering on 1.6%, but above the 1.4% recorded in October.

     February saw the headline inflation number pushed through the European

Central Bank's official inflation target for the first time since January 2013.

     Excluding energy and unprocessed food, inflation came in at 0.9% on the

year, unchanged on the 0.9% seen in October and below the 1.1% seen in

September.

     The results are considered estimates, with final data due out on December

18.

     Category data show that this month's data was driven by energy, with an

annual rate of 4.7% following on from October's 3.0% and September's 3.9%.

Unprocessed foods were down to 2.4% versus 2.8% in October and 1.5% in

September.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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