Inflation fell to 9% in Greece in November – To 10% in the euro area

Economy
Thu, 1 Dec 2022 7:30 GMT
Inflation in Greece fell to 9% in November from 9.5% in October, according to preliminary data released today by Eurostat. In the euro zone it was 10% from 10.5%.
Inflation fell to 9% in Greece in November – To 10% in the euro area

Inflation in Greece fell to 9% in November from 9.5% in October, according to preliminary data released today by Eurostat. In the euro zone it was 10% from 10.5%.

Looking at the main components of inflation in the euro area, energy recorded the highest annual rate in November (34.9%, compared to 41.5% in October), followed by food, alcohol and tobacco (13.6%, vs. 13.1% in October), non-energy industrial goods (6.1%, flat vs. October) and services (4.2% vs. 4.3% in October).

Markets are watching the course of inflation in order to be able to predict the path that the European Central Bank will follow in terms of its interest rate policy.

December’s wager

December will be another particularly important month for the course of monetary policy as the European Central Bank and the US Federal Reserve try to balance rate hikes between fighting inflation and protecting the economy from recession. 

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