The euro area suffers a deflation of 0.3% in November for the third month in a row

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In the Twenty-seven there is an inflation of 0.2%, somewhat lower than in previous months

The year-on-year inflation rate in the eurozone stood at -0.3% in November for the third consecutive month, according to data released this Thursday by Eurostat, which indicates that price deflation has been maintained for four months.

In the 27 as a whole, inflation of 0.2% was registered in the eleventh month of the year, one-tenth less than the figure recorded in October and September.


In November, energy prices in the eurozone deepened their contraction by one-tenth, to -8.3%, while non-energy industrial goods registered a decrease of 0.3%, compared to a fall of 0, October 1st.

Eurostat has also reported that services accelerated their rebound and became more expensive by 0.6%, two tenths more than the previous month, while processed food, alcohol, and tobacco appreciated by 1.2%, one-tenth less than in October.

Thus, excluding the effect of energy, the annual inflation rate in the eurozone stood at 0.6%, the same figure as the previous month, while leaving out the price of food, alcohol, and tobacco, the core inflation rate of the countries that have adopted the euro as their common currency remained at 0.2% for the third consecutive month.

Among the countries for which data were available, the biggest price declines were in Greece (-2.1%), Estonia (-1.2%), Slovenia, and Cyprus (-1.1% both), while The most notable increases were registered in Poland (+ 3.7%), Hungary and the Czech Republic (+ 2.8% both).

In the case of Spain, prices fell 0.8% in November, compared to the 0.9% decrease in October, thus reducing the price differential with respect to the euro area average.

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