INFLATION CONFIRMED AT 4.9% IN THE EURO ZONE IN NOVEMBER

Posted 20 December, 2021

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.

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20 December, 2021 16:18

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