Eurostat: Euro area annual inflation estimated to increase to 4.9% and to 4.3% in Cyprus in November

Euro area annual inflation is expected to be 4.9% in November 2021, up from 4.1% in October, according to a flash estimate from Eurostat, the statistical office of the European Union.

In Cyprus, annual inflation is estimated to be 4.7% in November, up from 4.4% in October.

Energy is expected to have be the biggest component of the eurozone’s annual inflation rate in November (27.4%, compared with 23.7% in October), followed by services (2.7%, compared with 2.1%), non-energy industrial goods (2.4%, compared with 2.0%) and food, alcohol & tobacco (2.2%, compared with 1.9%).

It is estimated that the highest annual inflation rate in November will be recorded in Lithuania (9.3%), Estonia (8.4%), Latvia (7.4%) and Belgium (7.1%).

The lowest annual inflation rate is expected to be recorded in Malta (2.3%), followed by Portugal (2.7%) and France and Finland (3.4% in both countries).

Source: Cyprus News Agency