Eurozone's inflation up from 2% to 2.3% in November - Breaking The News

Eurozone's inflation up from 2% to 2.3% in November

29 November

1 min read

UNSPLASH.COM/CHRIS KARIDIS

The annual inflation rate in the Eurozone is to come in at 2.3% in November, rising from October's 2.0% and matching market expectations, the European Commission's statistical office Eurostat said in its preliminary report published on Friday.

The document attributed the growth mostly to the rise in the prices of services, projected to go up by 3.9%, followed by food, alcohol and tobacco at 2.8%, and non-energy industrial goods at 0.7%.

On a monthly level, the overall index is predicted to decline by 0.3%. The core index, excluding energy, food, alcohol and tobacco, is expected to rise by 2.7% year-on-year and decrease by 0.6% month-on-month.

inflation data cpi

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