Economic Buzz: Eurozone Consumer Prices Down 0.3% On Year In November

Economic Buzz: Eurozone Consumer Prices Down 0.3% On Year In November

Dec 01, 2020 04:12 IST capital market

Eurozone consumer prices were down 0.3 percent on a yearly basis in November, the same rate of fall as seen in October, flash data from Eurostat showed Tuesday. Core inflation, which excludes prices of energy, food, alcohol and tobacco, held steady at 0.2 percent in October. The annual fall was largely driven by the weakness in energy prices. Energy prices declined 8.4 percent and non-energy industrial goods prices slid 0.3 percent. Meanwhile, prices of food, alcohol and tobacco increased 1.9 percent annually and that of services were up 0.6 percent. On a monthly basis, the harmonized index of consumer prices dropped 0.3 percent in November.

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