Annual inflation stable in the euro area

Annual inflation stable at -0.3% in the euro area


The euro area annual inflation rate was -0.3% in November 2020, stable compared to October. A year earlier, the rate was 1.0%. European Union annual inflation was 0.2% in November 2020, down from 0.3% in October. A year earlier, the rate was 1.3%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Greece (-2.1%), Estonia (-1.2%), Slovenia and Cyprus (both -1.1%). The highest annual rates were recorded in Poland (3.7%), Hungary and Czechia (both 2.8%). Compared with October, annual inflation fell in fourteen Member States, remained stable in four and rose in nine.



In November, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.36 percentage points, pp), followed by services (+0.25 pp), non-energy industrial goods (-0.07 pp) and energy (-0.82 pp).



Annual inflation:
Annual inflation is the change of the price level between the current month and the same month of the previous year. Monthly inflation is the change of the price level between the current month and the previous month.

Source: Eurostat