Euro zone: inflation revised slightly up in November, to 10.1%

In its first estimate, Eurostat had announced an inflation of 10% for the last month, following its peak of 10.6% in October.

The inflation rate in November in the euro zone was revised up slightly to 10.1% over one year, instead of 10%, announced Friday in a second estimate.

Although slightly revised upwards, the November figure confirms the first drop in this indicator in almost a year and a half, thanks to a lull in energy prices.

In October, annual inflation had reached 10.6% for the 19 countries sharing the single currency, its highest level since Eurostat began publishing the indicator in January 1997.

Driven by energy and food, inflation had increased every month since June 2021. The situation had worsened since the spring with market disruptions linked to the war in Ukraine.

Within the euro zone, Spain dethroned France in November for the lowest inflation rate at 6.7%, once morest 7.1% in France, according to harmonized data from Eurostat .

This remains 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%).

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

Association of Salvadoran journalists registers more than 100 attacks in 2022

retro handheld console is now available

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.