Euro Area Inflation Rate Climbs to 2.2 Percent in November
Services exerted the strongest influence on the annual price escalation across the 27-member union in November, Eurostat reported, reflecting persistent cost increases in sectors ranging from hospitality to professional services.
The services category led ahead of food, alcohol and tobacco, non-energy industrial goods, and energy during the month, highlighting divergent inflationary trends across economic sectors.
Estonia registered the steepest rate among member nations at 4.7%, trailed by Croatia at 4.3% and Austria at 4.1%, demonstrating significant regional variations in price growth patterns throughout the eurozone economy.
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