FXStreet (Mumbai) - Eurostat data released today showed annual inflation in the Eurozone came in at 0.1 per cent in November. While inflation remained unchanged from October, Eurostat’s data showed a drop in core inflation to 0.9 per cent, below October’s 1.1 per cent. Low energy prices continue to remain a drag in November. The harmonised consumer price index (HICP) came also remained below the 0.2 consensus. The HICP has been missing the two per cent growth target since 2013. Draghi’s low core inflation concerns highlighted again Food, services and non-energy industrial goods prices did improve year on year. However their growth rate is still below the European Central Bank’s two per cent target. Consumption, especially in the services sector has picked up but unfortunately did not reflect yet in services price inflation. Services prices increased only 1.1% year-on-year, declining from the 1.3% increase seen in October. This once again underlines ECB chief Mario Draghi’s low core inflation concerns. Food, alcohol & tobacco grew 1.5% in November compared with 1.6% in October. Non-energy industrial goods prices increased 0.5% compared with 0.6% in October. Energy prices fell 7.3 per cent, less than the 8.5 per cent recorded previously. The low oil price has been exerting downward pressure on headline inflation for some time now. Drop in core CPI strengthens the easing argument further Today’s consumer price data is the last to be released before the central bank’s governing council meets tomorrow to decide on monetary easing policy. As the core inflation continues to alarm, the ECB can be expected to opt for aggressive easing to pull inflation figure up and boost growth. Mario Draghi has already hinted at further easing. Economist Claus Vistesen from Pantheon Macroeconomics rightly feels that today’s figures "will add weight to the ECB doves’ argument for more easing tomorrow, and also increases the risk of a more aggressive policy response." The ECB has signaled that it intends to expand its €1.1 trillion QE programme tomorrow to pull inflation up to its target. For more information, read our latest forex news.