Annual inflation in the euro zone accelerated to 4.9% in November from 4.1% in October.

Annual inflation in the European Union was 5.2% in November 2021, up from 4.4% in October, according to figures released by Eurostat. In November 2020, the euro area experienced deflation of 0.3%, while the EU as a whole recorded inflation of 0.2%.

The lowest annual rates in November 2021 were recorded in Malta, 2.4%, Portugal, 2.6% and France, 3.4%.

The highest annual rates were recorded in Lithuania 9.3 percent, Estonia 8.6 percent and Hungary 7.5 percent.

Compared with October, inflation in Latvia accelerated by 1.4 percentage points to 7.4%, inflation in Finland from 2.8% to 3.5% and inflation in Sweden by 3 , 3% to 3.9%.

Compared with October, annual inflation was stable in one Member State and increased in 26.

In November, the highest contribution to the eurozone’s annual inflation rate came from energy, +2.57 percentage points, followed by services, +1.16 pp, non-energy industrial goods, + 0.64 pp, and food, alcohol and tobacco, +0.49 p.

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