Prices across the 16 nations using the euro rose in November for the first time in seven months, according to official figures yesterday.

Prices were up 0.6 per cent during the month, according to the initial estimate, a turn-around from a 0.1 per cent drop in October and the first time consumer prices among the countries using the euro have risen since April.

After hitting a record high point of four per cent in June and July 2008, eurozone inflation fell sharply amid the global economic downturn.

After last month’s very minor price drop analysts had exp-ected inflation to resume in November. Nevertheless euro-zone inflation remains well below the European Central Bank’s target of just under two per cent.

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