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

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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%.

The European Central Bank has kept its interest rates unchanged since the middle of the year. Financial markets are not anticipating any shifts in monetary policy at the upcoming policy meeting scheduled for Thursday, suggesting a period of stability in interest rate decisions.