EU inflation hits 5.2% in November
Inflation rate increases in almost all member states in November
ISTANBUL
The annual inflation rate hit 5.2% in the 27-member bloc in November, up from 4.1% in October.
A year earlier, the rate was minus 0.2% in the European Union, according to the statistical office Eurostat’s data on Friday.
On the eurozone side, the annual inflation increased from 4.1% to 4.9% month-on-month in November. It was minus 0.3% in November 2020.
The annual rate increased in almost all member countries in November.
The lowest rates were posted by Malta (2.4%), Portugal (2.6%), and France (3.4%) in the month.
“The highest annual rates were recorded in Lithuania (9.3%), Estonia (8.6%) and Hungary (7.5%),” the office said.
The energy sector was the main contributor to the inflation with 2.57 percentage points, followed by the services (1.15 percentage points), non-energy industrial goods (0.64 percentage points), and food-alcohol-tobacco (0.49 percentage points).
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