Consumer prices in the euro area also fell in November

By: Trademagazin editor Date: 2020. 12. 01. 11:05

Consumer prices declined more than expected year-on-year in the euro area in November, mainly due to falling energy prices.

According to preliminary data released by the European Union’s statistical office (Eurostat) on Tuesday, consumer prices fell by 0.3 percent in November in the eurozone, which comprises 19 EU countries. They measured a decline for the fourth consecutive month, at 0.2 percent in August and 0.3 percent in both September and October. (MTI)