Eurozone inflation rises

Brussels: Inflation in the eurozone rose in November to one percent, higher than analysts´ projections but still lagging under the weight of trade tensions, according to official Eurostat figures published on Friday.

The upswing from the 0.7 percent inflation recorded in October was an encouraging sign for the European Central Bank, which is hewing to an ultra- loose monetary policy in a bid to re-ignite growth.

Eurostat figures showing unemployment in the eurozone had shrunk in October to its lowest level since July 2008, at 7.5 percent, down from a revised 7.6 percent in September, was also a fillip.