Euro zone: inflation at its lowest since July 2021 (2.4% in November), according to Eurostat

The end of price increases in Europe? The euro zone’s annual inflation rate fell further in November, falling to 2.4%, after 2.9% in October, according to figures published this Thursday by Eurostat, this rate reaching its lowest level since July 2021 .

The indicator is now approaching the 2% objective set by the European Central Bank (ECB) and reinforces the high interest rate policy pursued by the Frankfurt institution. The November figure is lower than expected by Bloomberg and Factset analysts who expected 2.7%.

Stable unemployment rate

Furthermore, the unemployment rate in the euro zone stood at 6.5% of the working population in October, a rate unchanged compared to September, according to data published Thursday by the European Statistical Office.

Despite the ongoing economic slowdown, the indicator remains at its lowest level since the European Statistics Office began compiling this series in April 1998 for countries having adopted the single European currency.