The November inflation rate in the euro zone was revised slightly upwards to 10.1% a year, instead of 10%, Eurostat announced on Friday in a second estimate. Although revised slightly upwards, the November data confirms the first drop in this indicator in almost a year and a half, thanks to a pause in energy prices.
In October, annual inflation had reached 10.6% for the 19 countries that share the single currency, its highest level since Eurostat began publishing the indicator in January 1997. Driven by energy and food, inflation it had increased every month since June 2021. The situation had gotten worse. since the spring with market disruptions related to the war in Ukraine.
Spain dethrones France
Within the euro zone, Spain dethroned France in November for the lowest inflation rate at 6.7%, compared to France’s 7.1%, according to harmonized Eurostat data. This is still significantly better than Germany (11.3%).
The highest rate was recorded in Hungary (23.1%), ahead of the Baltic countries: Latvia (21.7%), Estonia (21.4%), Lithuania (21.4%).
Source: BFM TV
