Eurozone inflation rises to 2.2% in November

Eurozone inflation rises to 2.2% in November
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Annual inflation in the Eurozone is estimated to have reached 2.2% in November, up from 2.1% in October, according to preliminary data released by Eurostat on Tuesday.

The services sector is expected to record the highest annual inflation rate in November at 3.5%, up from 3.4% in October.

Inflation for food, alcohol, and tobacco is projected to remain stable at 2.5%, compared to the previous month.

Industrial goods excluding energy saw a steady inflation rate of 0.6% in November.

Energy prices continued to decline, although the annual rate of decrease slowed to -0.5% from -0.9% in October.


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