The eurozone annual inflation rate was 4.9% in November this year, an increase from 4.1% posted in October.
- Rising energy inflation remains a key driver of accelerating inflation in the eurozone. The energy component rose to 27.5% YoY in November, from 23.7% in October.
- Alongside energy, services also contributed to the inflation rising by 1.16%, non-energy industrial goods rose by 0.64%, and food, alcohol, and tobacco increased by 0.49%
- Lithuania led other countries in the euro area with the highest annual rates of 9.3%, followed by Estonia at 8.6%, and Hungary at 7.5%.
- The countries with the lowest inflation rates were Malta at 2.4%, Portugal at 2.6%, and France at 3.4%.
In European Union, annual inflation increased to 5.2% in November from 4.4% in October. In 2020, the inflation rate was only 0.2%.
Euro Stoxx down -0.81%, EUR USD down -0.14%Source: Eurostat