Estonia's November inflation highest in eurozone ({{commentsTotal}})

Euros. Source: (Benoit Tessier/Illustration/Reuters/Scanpix)

Estonia saw 4.5 percent inflation in November — the highest recorded in the eurozone last month. Average inflation in the euro area, by contrast, increased by 0.1 percent on month to just 1.5 percent, Eurostat reported.

In the EU as a whole, November inflation increased 0.1 percent on month to 1.8 percent. Last November, inflation was 0.6 percent in the eurozone as well as in the entire EU.

No deflation was recorded in any eurozone countries in November. The lowest inflation was recorded at 0.2 percent in Cyprus, 0.5 percent in Ireland, and 0.9 percent in Finland. The highest inflation, meanwhile, was recorded in Estonia, Lithuania and the U.K. at 4.5, 4.2 and 3.1 percent, respectively.

Compared to the previous month, inflation fell in four member states, remained stable in nine and increased in 15 member states.

Motor fuels, furnace oil and dairy products all contributed to increasing inflation, while telecommunications, clothes and social protection served to lower inflation.

Editor: Aili Vahtla

Source: BNS

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