In November, the eurozone’s annual inflation rate increased to 2.3%, up from 2.0% in October, aligning with market expectations.
Main Contributors:
Energy Prices: Declined by 1.9%, a smaller decrease compared to October’s 4.6% drop.
Services Sector: Inflation eased slightly to 3.9% from 4.0% in October.
Food, Alcohol, and Tobacco: Prices rose by 2.8%, down from 2.9% in the previous month.
Core Inflation: Excluding volatile items like energy and food, core inflation remained steady at 2.7%.
ECB’s Stance: Despite the uptick, the European Central Bank is expected to proceed with interest rate cuts to stimulate growth, especially amid potential new tariffs from the incoming U.S. administration.
Economic Outlook: The eurozone economy has shown minimal growth over the past 18 months, with a stagnant manufacturing sector and a slowdown in services. ECB President Christine Lagarde has highlighted significant downside risks due to geopolitical tensions and threats to international trade.
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📊 Eurozone Inflation Data: Key Takeaways 📈 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.