(Reuters) – Inflation in the euro zone in November year-on-year came out in line with expectations and the first estimate, show final data published on Tuesday by Eurostat.
Over one year, the consumer price index calculated according to European standards (HICP) slowed to 2.4%, as indicated in the “flash” estimate and in line with the consensus, after an increase of 2.9 % in October.
From one month to the next, inflation in the 20 countries having adopted the single currency fell by 0.6%, against an initial estimate of growth of 0.3%. The Reuters consensus forecast a more moderate decline of 0.5%.
Excluding energy and unprocessed food products, inflation decreased in November by 0.5% on a monthly basis compared to an increase of 0.2% in a first estimate, and stood at +4.2% on an annual basis, in line with the “flash” estimate.
An even narrower measure of price developments, which also excludes alcohol and tobacco, shows that inflation fell by 0.6% month-on-month and increased by 3. 6% year-on-year, as in first estimate.
(Written by Corentin Chappron, edited by Blandine Hénault)
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