Eurozone final CPI eases to 1.9% y/y in November, below estimate
|According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.9% on a yearly basis, below the flash estimate of 2.0%. While the core figures steadied at 1.0% versus 1.0% expected.
On a monthly basis, the bloc’s CPI figure for November dropped by 0.2% versus the previous increase of 0.2% while the core CPI numbers arrived at -0.3% versus -0.2% expected and 0.1% last.
Key Details (via Eurostat):
“The lowest annual rates were registered in Denmark (0.7%), Ireland (0.8%) and Portugal (0.9%). The highest annual rates were recorded in Estonia, Hungary and Romania (all 3.2%). Compared with October 2018, annual inflation fell in twenty-five Member States, remained stable in one and rose in one.”
“In November 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.88 percentage points), followed by services (+0.57 pp), food, alcohol & tobacco (+0.38 pp) and non-energy industrial goods (+0.11 pp).”
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