Eurozone: Inflation Stabilizes at 2.1% in November

In November, the annual inflation rate for the entire European Union reached 2.4%, down from 2.5% the previous month and 2.5% a year earlier, according to the same source. Among member states, the lowest annual inflation rates were recorded in Cyprus (0.1%), France (0.8%), and Italy (1.1%). In contrast, the highest rates were observed in Romania (8.6%), Estonia (4.7%), and Croatia (4.3%). Compared to October, inflation decreased in twelve EU member states, remained stable in five, and increased in ten others. Eurostat noted that services contributed the most to the Eurozone's inflation in November, adding 1.58 percentage points, followed by food (0.46 pp), industrial goods excluding energy (0.14 pp), and energy (-0.04 pp).