The euro area annual inflation rate remained stable at 2.1% in November 2024, unchanged from October. A year earlier, the rate was 2.2%. European Union annual inflation was 2.4% in November 2024, down from 2.5% in October. A year earlier, the rate was 2.5%.
The lowest annual rates were registered in Cyprus (0.1%), France (0.8%) and Italy (1.1%). The highest annual rates were recorded in Romania (8.6%), Estonia (4.7%) and Croatia (4.3%). Compared with October 2024, annual inflation fell in twelve Member States, remained stable in five and rose in ten.
In November 2024, the highest contribution to the annual euro area inflation rate came from services (+1.58 percentage points), followed by food, alcohol and tobacco (+0.46 pp), non-energy industrial goods (+0.14 pp) and energy (-0.04 pp).
