Euro zone: inflation revised slightly up in November, to 10.1%

In its first estimate, Eurostat had announced an inflation of 10% for the last month, after its peak of 10.6% in October.

The inflation rate in November in the euro zone was revised up slightly to 10.1% over one year, instead of 10%, announced Friday in a second estimate.

Although slightly revised upwards, the November figure confirms the first drop in this indicator in almost a year and a half, thanks to a lull in energy prices.

In October, annual inflation had reached 10.6% for the 19 countries sharing the single currency, its highest level since Eurostat began publishing the indicator in January 1997.

Driven by energy and food, inflation had increased every month since June 2021. The situation had worsened since the spring with market disruptions linked to the war in Ukraine.

Within the euro zone, Spain dethroned France in November for the lowest inflation rate at 6.7%, against 7.1% in France, according to harmonized data from Eurostat .

This remains significantly better than Germany (11.3%).

The highest rate was recorded in Hungary (23.1%), ahead of the Baltic countries: Latvia (21.7%), Estonia (21.4%), Lithuania (21.4%).

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