Annual inflation down in November to 1.9 % in Euro Area and to 2.0 % in the EU

The Euro Area annual inflation rate was 1.9 % in November2018, down from  2.2 %  in October. A year earlier,  the rate was 1.5 %.European Union annual inflation was  2.0 % in November 2018, down from  2.2 % inOctober.  A year earlier, the rate was 1.8 %. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Denmark (0.7 %),Ireland (0.8 %) and Portugal (0.9 %). The highest annual rates were recorded in Estonia, Hungary and Romania (all 3.2 %). Compared with October 2018, annualinflation fell in twenty-five Member States, remained stable in one and rose inone.

In November  2018,  the  highest  contribution  to  the  annual  euro  area  inflation  rate  came  from  energy  (+0.88 percentage points), followed by services (+0.57 pp), food, alcohol & tobacco (+0.38 pp) and non-energy industrial goods (+0.11 pp).