Inflation in the euro zone rose by 0.6 percent in November, up from 0.5 percent in the previous month, according to official flash estimates by the EU's statistics agency.
The data released Wednesday indicated that consumer price growth was at its highest since April 2014. It showed that services should register the highest annual rate of price growth in November, followed by food.
The uptick in inflation should alleviate concerns within the European Central Bank (ECB), which is set to meet next week. Analysts expect that the ECB will announce further stimulus to try to push inflation higher as it aims to eventually reach its 2 percent target