Cyclical|Inflation in Finland was the slowest in the euro area, but unemployment was almost the highest.
Consumer prices price increases, i.e. inflation, accelerated in the euro area in November. According to Eurostat’s preliminary data, the inflation rate was 2.2 percent.
Economists estimate in advance, according to the Reuters news agency, that the inflation rate would have remained unchanged at 2.1 percent in November. From the previous month, prices fell by 0.3 percent.
Energy became cheaper in November by 0.5 percent from a year ago. On the other hand, unprocessed foodstuffs became more expensive by 3.3 percent, services by 3.5 percent and industrial products by 0.6 percent.
Core inflation, closely monitored by central banks and economists, was 2.4 percent, i.e. the same as in October.
The direct impact of sensitively changing energy and food prices on consumer prices has been removed from core inflation.
in Finland inflation was clearly slower than in the euro area in November.
Namely, consumer prices rose by 1.4 percent from a year ago, but fell by 0.2 percent from October. According to Eurostat’s preliminary data, inflation was slower than in Finland in Cyprus, France and Italy.
In Cyprus, consumer prices rose by 0.2 percent from a year ago, by 0.8 percent in France and by 1.1 percent in Italy.
The fastest inflation was in the euro area in Estonia, Croatia and Austria. In Estonia, consumer prices rose by 4.7 percent from a year ago, in Croatia by 4.3 percent and in Austria by 4.1 percent.
On Tuesday, Eurostat also published new data on the development of unemployment. In the euro area, the seasonally adjusted unemployment rate remained unchanged at 6.4 percent in October.
Unemployment was highest in Spain and Finland. In Spain, the unemployment rate was 10.5 percent and in Finland 9.8 percent. According to Eurostat, Finland’s unemployment rate has remained unchanged at 9.8 percent for three consecutive months.