(Bloomberg) --
The first pickup in euro-area inflation in five months is on its way, with price growth forecast to have accelerated to 0.9% in November from 0.7%. But the headline rate is still well below the European Central Bank's goal and highlights the big challenge facing President Christine Lagarde. In her first major speech on Friday, she noted the “relatively subdued performance of underlying inflation.”
--With assistance from Harumi Ichikura.
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To contact the reporter on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net
To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net
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