132/2023 - 30 November 2023
Flash estimate - November 2023
Euro area annual inflation down to 2.4% Euro area annual inflation is expected to be 2.4% in November 2023, down from 2.9% in October according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in November (6.9%, compared with 7.4% in October), followed by services (4.0%, compared with 4.6% in October), non-energy industrial goods (2.9%, compared with 3.5% in October) and energy (-11.5%, compared with -11.2% in October).
Euro area annual inflation, November 2023, % -14
-12
-10
-8
-6
-4
-2
0
2
4
6
8
All-items HICP Food, alcohol & tobacco Energy
Non-energy industrial goods Services
Euro area annual inflation and its components, % Weights (‰) 2023
Nov 22
Jun 23
Jul 23
All-items HICP All-items excluding: > energy
1000.0
10.1
5.5
5.3
5.2
897.7
7.0
6.9
6.7
> energy, unprocessed food
852.7
6.6
6.8
> energy, food, alcohol & tobacco
697.9
5.0
Food, alcohol & tobacco
199.8
13.6
> processed food, alcohol & tobacco
154.8
13.6
> unprocessed food
45.0
Energy Non-energy industrial goods Services e estimate
Monthly rate
Annual rate Aug 23 Sep 23
Oct 23
Nov 23
Nov 23
4.3
2.9
2.4e
-0.5e
6.3
5.5
4.9
4.3e
-0.4e
6.6
6.2
5.5
5.0
4.2e
-0.4e
5.5
5.5
5.3
4.5
4.2
3.6e
-0.6e
11.6
10.8
9.7
8.8
7.4
6.9e
0.4e
12.4
11.3
10.3
9.4
8.4
7.1e
0.2e
13.8
9.0
9.2
7.8
6.6
4.5
6.4e
1.1e
102.3
34.9
-5.6
-6.1
-3.3
-4.6
-11.2
-11.5e
-2.2e
262.7
6.1
5.5
5.0
4.7
4.1
3.5
2.9e
-0.1e
435.3
4.2
5.4
5.6
5.5
4.7
4.6
4.0e
-0.9e