Eurozone annual inflation revised to 2.2% in November, slightly below initial estimate

Core inflation remains stable as energy price decreases ease

By Tuba Ongun

The eurozone’s annual consumer inflation rate for November was revised slightly down to 2.2% from an initial estimate of 2.3%, according to a second reading released Wednesday by Eurostat.

The rate marked an increase from October’s 2% annual inflation. Core inflation, which excludes volatile food and energy prices, remained stable at 2.7%.

The annual decline in energy prices moderated in November, easing to 2% from 4.6% in October.

Inflation across the European Union (EU) also rose, reaching 2.5% in November compared to 2.3% the previous month.

The lowest annual inflation rates were recorded in Ireland (0.5%), Lithuania, and Luxembourg (both at 1.1%). Meanwhile, the highest rates were observed in Romania (5.4%), Belgium (4.8%), and Croatia (4.0%).

On a month-to-month basis, the eurozone’s consumer price index fell by 0.3% in November, reversing the 0.3% increase recorded in October, aligning with initial estimates.

The eurozone (EA19) comprises member states using the euro, while the EU27 includes all members of the European Union.

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