Eurostat reported that EU inflation was also lower than a year earlier, when it stood at 2.5%. Czechia’s harmonised inflation rate likewise improved compared with last November, when it was 3.1%. The harmonised data are designed for cross-country comparisons and can differ from national statistics compiled using domestic methodology.

Within the euro area, annual inflation was unchanged at 2.1% in November, compared with 2.2% a year earlier. On a month-to-month basis, prices declined across the EU by 0.2% and in the euro area by 0.3%. Czechia recorded an even steeper monthly drop of 0.4% versus October.

Inflation varied widely across member states. The lowest annual rates were reported in Cyprus (0.1), while the highest were in Romania (8.6%). Compared with October, annual inflation fell in 12 EU countries, was unchanged in five and rose in 10.

Eurostat said services contributed the most to euro-area inflation in November, followed by food, alcohol and tobacco, non-energy industrial goods and energy. Separately, Czech national data showed inflation falling to 2.1% in November from 2.5% in October—its lowest level since April—highlighting the continued moderation in domestic price growth.

Source: ceskenoviny.cz

Author: CzechTrade and CzechInvest Office in New York