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Inflation at -1.1%

01/12/2020 13:43

Euro area annual inflation is expected to be -0.3% in November 2020, stable compared to October according to a flash estimate from Eurostat, the statistical office of the European Union.

In Cyprus inflation increased to  -1.1% in November from  -1.4% in October. In Greece inflation is expected to remain unchanged in November at -2.0%.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in November (1.9%, compared with 2.0% in October), followed by services (0.6%, compared with 0.4% in October), non-energy industrial goods (-0.3%, compared with -0.1% in October) and energy (-8.4%, compared with -8.2% in October).