Annual inflation in the eurozone is expected to fall in November, according to a flash estimate by Eurostat, the statistical office of the European Union.
Twelve-month inflation for November 2022 is projected to be at 10 percent, down from the 10.6 percent in October, according to an agency news release on Nov. 22. This is the first decline in the annual inflation rate in 17 consecutive months.
“Energy is expected to have the highest annual rate in November (34.9 percent, compared with 41.5 percent in October), followed by food, alcohol, and tobacco (13.6 percent, compared with 13.1 percent in October), non-energy industrial goods (6.1 percent, stable compared with October), and services (4.2 percent, compared with 4.3 percent in October),” the release said….