The annual inflation rate in the eurozone did indeed reach 4.9% in November after + 4.1% in October, showing final Eurostat data.
The lowest annual rates were observed in Malta (2.4%), Portugal (2.6%), and France (3.4%) and the highest in Lithuania (9.3%), Estonia (8.6%) and Hungary (7.5%). In November, the largest contributions to the euro zone's annual inflation rate came from energy (+2.57 percentage points), followed by services (+1.16 pp), industrial goods excluding energy (+0, 64 pp), and food, alcohol & tobacco (+0.49 pp). Sequentially, consumer prices advanced 0.4%.
Annual core inflation, for its part, was confirmed at 2.6% after + 2% in October.
Oil begins this Christmas week in sharp decline. In New York, a barrel of US light crude for January delivery lost 4.6% to 67.6 dollars on the Nymex, while a barrel of Brent from the North Sea (due February) dropped 3.8% to 70, $ 7 in London.