Eurozone inflation rises to 1%

Signs of a future increase in inflationIn the medium term, the path that inflation will follow is uncertain

Inflation of the eurozone stood at 1% in November, three tenths above the October reading, the first price acceleration since last June, as reflected by Eurostat.

In the European Union as a whole, prices rose 1.3% annually in November, two tenths above the rise recorded in October.


November’s rebound in EZ inflation responds to a 1.9% increase in the price of services, compared to 1.5% in the previous month, as well as fresh food, which increased 1.8% , compared to the rise of 0.7% in October, while the decrease in energy prices was 3.2%, one tenth more than the previous month.

By excluding the impact of energy prices, inflation in the euro zone stood at 1.4%, two tenths above the October reading. Likewise, by excluding energy, fresh food, alcohol and tobacco, the underlying inflation rate in the euro zone stood at 1.3% in November, compared to 1.1% in the previous month, Its biggest rise since April.

Among the countries whose data were available, the lowest inflation rates were recorded in Italy and Portugal, in both cases with 0.2%, behind Belgium, with 0.4%. In contrast, the highest price increases were in Romania (3.8%), Hungary (3.4%), Slovakia (3.2%) and the Czech Republic (3%).


In the case of Spain, the harmonized inflation rate in November stood at 0.5%, three tenths more than in October, which keeps the favorable price differential to Spain in half a percentage point over the average from the euro zone.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.