Harmonized consumer price index puts inflation at 1.3% in November

In November, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices stood at 1.3 per cent.

In November, the annual rate of inflation stood at 1.3 per cent. A year earlier the annual rate was 0.6 per cent.

The largest upward impacts on annual inflation were brought about by the Restaurants and Hotels Index (0.37 percentage points), the Food and Non-alcoholic Beverages Index (0.34 percentage points) and the Alcoholic Beverages and Tobacco Index (0.30 percentage points). These were mainly due to higher prices for restaurant services, vegetables and cigarettes respectively.

The main downward impacts were recorded in the Transport Index (0.31 percentage points) and the Communication Index (0.11 percentage points), mainly due to lower fuel prices and cheaper mobile phones respectively.

The twelve-month moving average rate was 1.1 per cent.

Eurostat data shows that in October 2015, compared with September 2015, seasonally adjusted industrial production rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28. In September 2015 industrial production fell by 0.3% in the euro area and remained stable in the EU28.

In October 2015 compared with October 2014, industrial production increased by 1.9% in the euro area and by 2.4% in the EU28.