Inflation & Prices
Euro-Zone Inflation Finally Slows in Sign of Hope for ECB
- ECB will use the report to decide on another big rate hike
- Data from Germany to Spain had showed slowing price growth
The euro-zone inflation rate remained in double digits for a second month.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
Euro-zone inflation slowed for the first time in 1 1/2 years, offering a glimmer of hope to the European Central Bank in its struggle to quell the worst consumer-price shock in a generation.
The reading for November was 10%, Eurostat said Wednesday, less than the 10.4% median estimate of economists surveyed by Bloomberg. The drop, from 10.6% in October, was the biggest since 2020 and was thanks to slower advances in energy and services costs, even as food prices grew more quickly.