Inflation - Inflation in the eurozone falls to 2.4 percent
Inflation in the eurozone weakened significantly in November. Consumer prices were 2.4 percent higher than a year earlier, according to a second estimate released by the statistics office Eurostat in Luxembourg on Tuesday. Preliminary data from the end of November were confirmed.
In October, inflation had still amounted to 2.9 percent, a year ago it was as high as 10.1 percent. In a monthly comparison, prices fell by 0.6 percent in November - slightly more than previously reported.
Inflation rates in the currency area continue to vary widely in some cases. They range from minus 0.8 percent in Belgium to 6.9 percent in Slovakia. In Germany, inflation calculated according to European standards is 2.3 percent. According to national calculations, it is 3.2 percent.
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The 2.4% inflation rate is the lowest in the Eurozone since November, as reported by Eurostat in Luxembourg. This figure represents a decrease from the 2.9% inflation rate observed in October, which itself was a decline from the 10.1% rate seen a year prior. Eurozone countries continue to experience varying inflation rates, with Belgium having the lowest at -0.8% and Slovakia having the highest at 6.9%.
Source: www.stern.de
