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For additional information relating to this article, please contact:

William Steele Senior Economist
Tel: 902-424-6131Email: Bill.Steele@novascotia.ca

December 17, 2018
EU AND EURO AREA CONSUMER PRICE INFLATION, NOVEMBER 2018

In November, the year-over-year inflation rate slowed to 2.0 per cent in the European Union and to 1.9 per cent in the Euro Area.  This breaks from the rising trend observed in recent months. 

Among member states, the fastest year-over-year inflation was reported in Romania, Hungary and Estonia while the lowest inflation was reported in Denmark, Portugal and Ireland.

November food price inflation slowed notably to 1.3 per cent (year-over-year) in both the European Union and the Euro Area. 

Energy inflation also slowed with the year-over-year inflation rate falling to 8.4 per cent in the European Union and to 9.1 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation is much more subdued in Europe - rising by 1.1 per cent for the European Union and by 1.0 per cent for the Euro Area. 

Source: Eurostat-News Release



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