Eurozone Annual Consumer Inflation Holds Steady at 2.1 Percent
The confirmed figure fell short of Eurostat's initial projection of 2.2%, yet continued hovering above the European Central Bank's (ECB) official 2% medium-term inflation objective.
Service sector costs emerged as the dominant inflationary force during the month, accelerating 3.5% from year-earlier levels, with food, alcoholic beverages, and tobacco products climbing 2.4%, while non-energy manufactured goods edged up a modest 0.5%.
Energy costs provided the primary deflationary offset, contracting 0.5% on an annual basis—though the decline represented a slowdown from October's 0.9% year-over-year drop.
Core inflation—a closely watched metric that strips out unpredictable food and energy components—advanced 2.4% annually, unchanged from the prior month and aligned precisely with preliminary calculations.
Romania posted the steepest consumer price growth at 8.6%, trailed by Estonia at 4.7% and Croatia at 4.3%.
The mildest inflation rate appeared in the Greek Cypriot Administration at 0.1%, with France recording 0.8% and Italy at 1.1%.
Month-to-month comparisons showed the consumer price index retreating 0.3%, a reversal from the 0.2% increase observed in October.
The eurozone—alternatively termed the euro area or EA20—comprises the 20 EU member nations that have adopted the euro as their legal tender.
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