Inflation moderated in the euro zone and the EU in November
Inflation decreased in the Eurozone and the European Union in November, according to the final data published by Eurostat, the statistical office of the European Union, on Tuesday.
In the euro area, the annual consumer price index was 2.4 percent in November after 2.9 percent in October. In the European Union, consumer price growth slowed to 3.1 percent from 3.6 percent in October.
A monthly price decrease of 0.6 percent in the euro area and 0.4 percent in the EU was recorded in November.
In the euro area, energy prices fell the most year-on-year in November, by 11.5 percent after the 11.2 percent decrease in October. The biggest price increase was still among food, alcoholic beverages and tobacco products, 6.9 percent in November after 7.4 percent in October.
Calculated without energy prices, annual inflation in the euro area was 4.3 percent in November, after 4.9 percent in October.
Excluding the prices of energy, food and leisure items, the annual price increase (core inflation) decreased to 3.6 percent in November from 4.2 percent in October.
Related news
Domestic companies are maneuvering amid increasing tensions
The average inflation in the euro area is around 2.5%,…
Read more >European Central Bank: Water scarcity is the most significant natural risk to the European economy
Surface water scarcity is the most significant natural risk to…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Related news
Euromonitor International 2025: everything for your pet!
The global pet care market is expected to reach the…
Read more >Two from three consumers expect a better shopping experience
According to The State of Customer Experience report of Genesys,…
Read more >IDEAAL™: the revolutionary superprotein – a competitive protein product from Hungary
A joint research and development project, three players, a special…
Read more >