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).”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
