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November inflation rates for Germany, France miss ECB target, final data shows

The annual inflation rates for Germany and France accelerated in November, but fell short of the European Central Bank's price growth target of "below, but close to, 2%."

Germany's annual harmonized inflation came in at 1.2% in November in line with a flash estimate, accelerating from 0.9% in October, data from the Federal Statistical Office showed.

On a monthly basis, the harmonized index of consumer prices fell 0.8%, also in line with provisional data.

In France, harmonized inflation was confirmed at 1.2% in November, up from 0.9% in the prior month, according to the country's National Institute of Statistics and Economic Studies.

Harmonized consumer prices were up 0.1% month over month in November, reversing a 0.1% dip in October.

Data from late last month showed that annual headline inflation in the eurozone quickened to 1.0% in November from 0.7% in October. The final data will be released Dec. 18.