Eurozone Inflation Rate Rises To Fresh 2-1/2-Year High

Consumer prices in the Euro Area are expected to increase by 0.6 percent year-on-year in November 2016, following a 0.5 percent growth in the previous month and in line with market consensus. It was the highest inflation rate since April 2014, as prices for services and food continued to grow.

Services is expected to have the highest annual rate in November (+1.1 percent, stable compared with October), followed by food, alcohol and tobacco (+0.7 percent, compared with +0.4 percent in October), non-energy industrial goods (+0.3 percent, stable compared with October) and energy (-1.1 percent, compared with -0.9 percent in October).

Core inflation rate, which excludes prices of energy, food, alcohol and tobacco, is expected to be unchanged for the third straight month at 0.8 percent.

Excluding energy only, the inflation rate was estimated at 0.8 percent, higher than 0.7 percent in the previous month.

Eurostat | Joana Ferreira |
11/30/2016 12:15:19 PM