Eurostat published, on Tuesday 19 December, lower annual inflation rates for the euro area and the EU for November.
In the euro area, the annual headline inflation rate was 2.4%, measured in terms of the Harmonised Index of Consumer Prices (HICP). This is down from 2.9% in October.
In terms of underlying inflation, the annual rate of inflation excluding “energy, food, alcohol and tobacco” stood at 3.6% in November, compared with 4.2% in October.
The annual rate of energy inflation remains negative at -11.5% in November, compared with -11.2% in October.
Services made the biggest contribution to inflation with +1.69 percentage points (pp), followed by food, alcohol & tobacco (+1.37 pp), industrial goods excluding energy (+0.75 pp), then energy (-1.41 pp).
In the European Union, the annual inflation rate is also down, to 3.1% in November 2023, compared with 3.6% in October.
These averages conceal major disparities within the EU. The lowest annual headline inflation rates were recorded in Belgium (-0.8%), Denmark (0.3%) and Italy (0.6%). The highest annual rates were recorded in the Czech Republic (8.0%), Hungary (7.7%), Slovakia and Romania (6.9%).
Link: https://aeur.eu/f/a6r (Original version in French by Émilie Vanderhulst)