Eurozone inflation back at 5-year low in November

Brussels

ANNUAL inflation in the eurozone cooled to 0.3 per cent in November as energy prices fell, suggesting deflation remains a real threat for the European Central Bank.

The reading on Friday marked a return to September's five-year low for consumer inflation and was in line with a Reuters poll forecast. German data this week showed inflation in the biggest eurozone economy at its lowest in nearly five years.