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    Home » Euro Zone Inflation Rate Surges to Record-High, 4.9% in November
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    Euro Zone Inflation Rate Surges to Record-High, 4.9% in November

    November 30, 20211 Min Read
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    The inscription in German "Krise" on the flag of the european union
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    The euro zone’s inflation rate has surged to a record high in November, signaling uncertainty about what the ECB will do next with its monetary policy.

    • The headline inflation stood at 4.9% for the month compared to the same period last year. The figure was above a consensus of 4.5% from Reuters and was higher than October’s figure of 4.1%.
    • Higher energy prices led to the latest inflation figure. Eurostat indicated that energy is on track for its highest annual price increase in November at 27.4%, from 23.7% in October.
    • Consumer prices rose again in the euro area attributable to higher energy costs and supply chain concerns.
    • In Germany, the inflation rate rose to a 29-year high in November. The trend is similar in France in France with the inflation rate surging to 3.4% in November.

    The key concern going forward is how ECB will manage the high inflation rates with uncertainty over the COVID-19.

    Euro Stoxx 50 down -1.27%, EUR USD up +0.51%Source: Eurostat

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