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Euro area inflation slows to 2% in November

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Euro area inflation, measured by the consumer price index, decelerated this month as food and energy prices rose at a slower pace.

CPI for the year ended November registered 2.0 percent, down from 2.2 percent in October, compared to forecasts of 2.1 percent.

The core CPI, stripping out volatile food and energy prices, also slowed to 1 percent, relative to both prior and predicted readings of 1.1 percent.

As of 11:12 GMT, the euro traded lower at $1.1377, yet still could finish the week on a gain.

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