Euro Area Inflation Rate Revised Up to 0.2%

Consumer prices in the Eurozone increased by 0.2 percent year-on-year in November of 2015, compared to a preliminary estimate of 0.1 percent and reaching its highest level since July this year, boosted by higher prices of vegetables and restaurants & cafés while cost of energy continued to drop. Core inflation rate was confirmed at 0.9 percent, down from a 2-year high of 1.1 percent in the previous month.

The largest upward pressure came from cost of vegetables and restaurants & cafés (both +0.1 percentage points) and fruit (+0.08 pp), while fuels for transport (-0.54 pp), heating oil (-0.21 pp) and gas (-0.10 pp) had the biggest downward impacts.

Core inflation rate which excludes prices of energy, food, alcohol and tobacco was recorded at 0.9 percent, down from 1.1 percent in the previous month. Excluding energy, consumer prices rose 1 percent, easing from 1.2 percent in October. 

On a monthly basis, consumer prices edged down 0.1 percent, following a 0.1 percent growth in October. 

In the European Union, consumer prices increased by 0.1 percent year-on-year, after showing no growth in the previous month. The highest annual rates were recorded in Belgium (+1.4 percent), Malta (+1.3 percent) and Sweden (+0.8 percent). By contrast, the lowest annual rates were registered in Cyprus (-1.5 percent), Bulgaria, Romania and Slovenia (all -0.9 percent). Compared with October 2015, annual inflation rose in fifteen Member States, remained stable in two and fell in ten. 

Eurostat | Joana Ferreira |
12/16/2015 10:21:01 AM