The The Consumer Price Index of the euro zone has fallen five tenths in November, moderating to 10.1% from the all-time high of 10.6% recorded in October. The result is above expectations of 10%.
The monthly CPI has fulfilled forecasts and has fallen 0.1% after rising 1.5% the previous month. This is the first decline recorded by the indicator since July 2021.
The Underlying inflation It has not changed on a monthly basis, as expected, after growing 0.6% in October. The year-on-year core CPI remains at 5%, according to consensus expectations, remaining at its highest level since the series began.
EUR/USD reaction
The EUR/USD has hit daily lows at 1.0609 after publication. At time of writing, the pair is trading above 1.0615, shedding 0.09% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
