Eurozone Preliminary CPI Unexpectedly Jumps in November

The annualized Eurozone Consumer Price Index (CPI) jumps by 4.9% in November, surprising markets to the upside while higher from the previous rise of 4.1%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 3.7%.

The core figures arrived at 2.6% YoY in November when compared to 1.9% expectations and 2.0% registered in October.