Annual inflation up to 1.0% in November in the euro area

The euro area annual inflation rate was 1.0% in November 2019, up from 0.7% in October. A year earlier, the rate was 1.9%. European Union annual inflation was 1.3% in November 2019, up from 1.1% in October. A year earlier, the rate was 2.0%. These figures are published by Eurostat, the statistical office of the European Union.

Lowest and highest annual rates

The lowest annual rates were registered in Italy, Portugal (both 0.2%) and Belgium (0.4%).

The highest annual rates were recorded in Romania (3.8%), Hungary (3.4%), Slovakia (3.2%) and Czechia (3.0%).

Compared with October, annual inflation fell in five Member States, remained stable in two and rose in twenty.

In November, the highest contribution to the annual euro area inflation rate came from services (+0.82 percentage points, pp), followed by food, alcohol & tobacco (+0.37 pp), non-energy industrial goods (+0.10 pp) and energy (-0.33 pp)

Geographical information

The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

The euro area and European Union data refer to the respective country compositions at a specific point in time. New Member States are integrated into the aggregates using a chain index formula.

(*) Data for the United Kingdom for November 2019 were not available in time for publication. Due to this fact, the EU totals have been calculated using Eurostat estimates.