What was the November inflation rate for the eurozone?

The November eurozone inflation rate was confirmed at 2.1% year-on-year.

Did the European Central Bank change interest rates in November?

The European Central Bank has held interest rates steady since mid-year and no change was expected immediately after November.

What is the ECB's inflation target?

The European Central Bank's target for inflation is 2%.

Home / Business and Economy / Eurozone Inflation Holds Steady at 2.1% in November

Eurozone Inflation Holds Steady at 2.1% in November

17 Dec, 2025

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Summary

November eurozone inflation remained stable at 2.1% year-on-year.
Core inflation, excluding energy and food, stayed at 2.4%.
Inflation is slightly above the European Central Bank's 2% target.

Eurozone Inflation Holds Steady at 2.1% in November

Revised data from Eurostat indicates that inflation in the eurozone remained stable in November, with annual consumer prices recorded at 2.1%. This revised figure is lower than the initial estimate of 2.2%. The statistics agency confirmed that core inflation, which omits volatile elements like energy and food, held firm at 2.4%, aligning with preliminary figures.

On a month-to-month basis, consumer prices in the eurozone experienced a slight dip of 0.3%, while core prices saw a more significant decrease of 0.5%. Despite this monthly decline, the overall annual inflation rate continues to hover just above the European Central Bank's target of 2%.