Prices – Euro-zone inflation falling – Economy

Inflation in the euro zone fell from record levels in November. According to the statistics office Eurostat, consumer prices rose by 10.0 percent compared to the same month last year. Inflation peaked at 10.6 percent in October. Experts had expected a decline, but only to 10.4 percent. This is the first drop in inflation in the euro zone since June 2021. Energy prices are still rising the most, but not as strongly as in the previous month. Compared to November 2021, they were still 34.9 percent higher. The prices of food and luxury goods rose by 13.6 percent. Here, the upward trend in prices intensified. The prices of other goods increased by 6.1 percent. Services were 4.2 percent more expensive than a year ago.

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