Eurostat: Eurozone inflation at 2.3% in November, 3% in GREECE

Economy
Sat, 30 Nov 2024 8:00 GMT
Euro area annual inflation is expected to be 2.3% in November 2024, up from 2.0% in October according to a flash estimate from Eurostat, the statistical office of the European Union.
Eurostat: Eurozone inflation at 2.3% in November, 3% in GREECE

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in November (3.9%, compared with 4.0% in October), followed by food, alcohol & tobacco (2.8%, compared with 2.9% in October), non-energy industrial goods (0.7%, compared with 0.5% in October) and energy (-1.9%, compared with -4.6% in October).

According to AMNA, in Greece, annual inflation is estimated to have eased slightly to 3% in November, down from 3.1% in October.

Within the eurozone, Belgium recorded the highest inflation rate in November at 5%, followed by Croatia at 4%, and Estonia and the Netherlands at 3.8%.

The lowest inflation rates in the eurozone were observed in Ireland (0.5%), Lithuania (0.4%), Luxembourg (1.1%), and both Italy and Slovenia at 1.6%.

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