Euro Area's inflation rate goes down to 10% in November 2022

Inflation rate for non-energy industrial goods is expected to be stable at 6.1 per cent in November 2022.

Considering Euro Area’s biggest economies, Germany’s annual inflation rate is expected to be 11.3 per cent in November 2022, compared to 11.6 per cent in October. Spain’s annual inflation rate is estimated to be 6.6 per cent in November versus 7.3 per cent in October. Spain is also expected to be the country with the lowest inflation rate in Euro Area. Italy’s inflation rate is estimated to slow down to 12.5 per cent in November from 12.6 per cent in October, according to Eurostat.

Latvia is expected to be the country with the highest annual inflation rate of 21.7 per cent in November 2022, while Lithuania and Estonia are expected to be the countries with the second highest annual inflation rate of 21.4 per cent.

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.

ALCHEMPro News Desk (DP)