The Eurozone Harmonised Index of Consumer Prices (HICP) rose by 2.4% on an annual basis in November, marking a decrease from October’s 2.9% increase, according to official data published by Eurostat on Thursday. This figure fell short of market expectations, which anticipated a 2.7% print.<\/p>\n\n\n\n
In November, Core HICP inflation in the Eurozone eased to 3.6% year-on-year, compared to October’s 4.2% uptick. The market consensus was for a 3.9% increase in Core HICP.<\/p>\n\n\n\n
On a monthly basis, the HICP for the bloc declined by 0.5% in November, contrasting with the 0.1% increase recorded in October. Core HICP inflation was -0.6% month-on-month for the reported month, in contrast to the 0.2% acceleration reported in October.<\/p>\n\n\n\n
The European Central Bank (ECB) has a target inflation rate of 2.0%. Data on HICP inflation in the Eurozone significantly influences the market’s assessment of the ECB’s interest rate outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Eurozone Harmonised Index of Consumer Prices (HICP) rose by 2.4% on an annual basis in November, marking a decrease from October’s 2.9% increase, according to official data published by Eurostat on Thursday. This figure fell short of market expectations, which anticipated a 2.7% print. In November, Core HICP inflation in the Eurozone eased to …<\/p>\n","protected":false},"author":9,"featured_media":31526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8693,6923,7666,8806,6928,6837,9687,9530,6858],"class_list":["post-93392","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cost-of-living","tag-ecb","tag-energy-prices","tag-eu-economy","tag-euro","tag-eurozone","tag-german-e","tag-oil-embargo","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=93392"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93392\/revisions"}],"predecessor-version":[{"id":93393,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93392\/revisions\/93393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31526"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}