According to Eurostat data, the Eurozone's inflation rate fell to 10% during the month of November.
Source: Pexels
Author: Redaction
Having reached record highs
since last year, the truth is that the inflation rate has been rising
since June 2021 as a result of the significant increase in energy
prices, a situation that has worsened since the spring with the market
disturbances due to the war in Ukraine. However, according to Eurostat's
provisional estimate for October, during which an HICP (Harmonised
Index of Consumer Prices) of 10.6% was registered, November shows a
decrease in inflation of 6 percentage points.
Released this Wednesday, 30 November, provisional data from Eurostat shows that
energy has been the component with the highest inflation rate since 2021,
showing a year-on-year change of 34.9% compared to 41.5% in October.
This forecast is followed by food, alcohol and tobacco, which recorded a
year-on-year variation of 13.6% compared to 13.1% last month. Regarding
non-energy industrial goods, there was stability in the values achieved
- around 6.1%. And for services, there was a slight decrease from 4.3%
to 4.2% in October.
Portugal thus records an estimated inflation rate of 10.3%,
unlike Malta and Spain, which record the lowest values of 7.2% and 6.6
respectively. Among the highest values are Latvia with 21.7% and Estonia
and Lithuania with 21.4%, data measured on the basis of the HICP.