Eurozone November Inflation Rate Confirmed at 1.5%

Consumer prices in the Euro Area increased by 1.5 percent year-on-year in November 2017, following a 1.4 percent gain in the previous month and matching the preliminary estimate. Energy prices rose at a faster pace while food inflation slowed.

Year-on-year, energy prices jumped 4.7 percent after rising by 3 percent in October. Meanwhile, unprocessed food prices rose at a softer 2.4 percent, compared with a 2.8 percent gain in the previous month. Inflation was flat for processed food, alcohol and tobacco (at 2.1 percent), services (at 1.2 percent) and non-energy industrial goods (at 0.4 percent).

Among Eurozone's largest economies, the highest annual rates was registered in Germany (1.8 percent) and Spain (1.8 percent), followed by France (1.2 percent), Italy (1.1 percent), Greece (1.1 percent) and Ireland (0.5 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 0.9 percent, unchanged from the previous month's five-month low.

On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in October and in line with market consensus.

Eurozone November Inflation Rate Confirmed at 1.5%

Eurostat | Joana Ferreira |
12/18/2017 10:11:37 AM