Year-on-year, cost of food and non-alcoholic beverages went up by 1.5 percent (from +1.9 percent in October), as unprocessed food prices eased (+3.2 percent from +4.1 percent); prices of restaurants and hotels rose by 0.9 percent (from +2.1 percent); health cost grew 0.4 percent (from +0.5 percent); and prices of recreation and culture increased by only 0.1 percent (from +0.3 percent). Meanwhile, cost of housing and utilities declined by 0.4 percent, the same pace as in the previous month; and transport prices dropped 2.8 percent, easing from a 3.3 percent decrease in October, due to a slowdown in the fall in prices of non-regulated energy (-11.2 percent, from -12.7 percent in October).
Additional upward pressure came from: miscellaneous goods and services (+0.2 percent); furnishings and household equipment (+0.4 percent); and clothing and footwear (+0.5 percent).
Annual core inflation rate (excluding energy and unprocessed food) was recorded at 0.7 percent, compared to 0.8 percent in the previous month.
On a monthly basis, consumer prices dropped 0.4 percent, following a 0.2 percent increase in October and matching first estimates, mainly due to lower prices of recreational, cultural and personal care (-1.6 percent), restaurants and hotels (-2.2 percent) and services related to transport (-1.2 percent); These decreases were partially mitigated by increases in food prices for unprocessed food (+0.7 percent).
Harmonised consumer prices increased by 0.2 percent year-on year while fell 0.4 percent on a monthly basis.