According to Eurostat’s preliminary reading of the report of the Eurozone CPI for November, the annual figure has reached -0.3%, below expectations of a drop to -0.2% and has matched the -0.3% reading from the previous month.
Meanwhile, the figures from Core CPI reached 0.2% in the reported month, matching expectations and the figure for the previous month.
Key details (via Eurostat):
“Regarding the main components of inflation in the euro area, food, alcohol and tobacco are expected to have the highest annual rate in November (1.9%, compared to 2.0% in October), followed by services (0.6%, compared to 0.4% in October), non-energy industrial goods (-0.3%, compared to -0.1% in October) and energy (-8.4%, compared to -8.2% in October) ”.
EUR / USD reaction
EUR / USD keeps most of its daily gains below the daily highs of 1.1986 after the disappointment of euro zone data.
At the time of writing, the pair is trading around the 1.1975 region, up 0.40% on the day.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
