Inflation Performance Diverges in the Eurozone During November, According to Final Data
Data released by the European Statistics Office on Wednesday showed a divergence in annual consumer price
index (CPI) performance (annual inflation) across the Eurozone in November.
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Eurozone
According to the data, the annual inflation rate in the Eurozone rose to 2.2% in November,
lower than the forecasts and preliminary reading, which suggested inflation would remain stable at 2.3%.
As for core inflation, which excludes food and energy prices, it recorded an annual rate of 2.7% during the same month,
aligning with both forecasts and the preliminary reading.
These results indicate continued moderate inflationary pressures in the Eurozone,
as markets await the European Central Bank’s monetary policy direction in managing inflation rates amidst ongoing economic shifts.
Britain
Inflation Accelerates in Britain for the Second Consecutive Month in November
The UK Office for National Statistics released November inflation data on Wednesday morning,
revealing continued acceleration in the annual inflation rate in the United Kingdom for the second consecutive month.
This follows its lowest level since April 2021, recorded in the preceding month.
According to the data, the overall inflation rate in Britain rose to 2.6% year-on-year in November,
in line with market expectations. It is worth noting that inflation stood at 2.3% in October.
Meanwhile, core inflation, which excludes food and energy prices,
accelerated to 3.5% year-on-year in November, slightly below market expectations of 3.6%.
Core inflation had recorded 3.3% in October.
These figures point to persistent inflationary pressures in Britain,
potentially posing challenges to the Bank of England’s monetary policies as it strives to ensure economic stability.
Inflation Performance Diverges in the Eurozone During November