Eurozone inflation at 10.1% in November

In November, the annual inflation rate in the Eurozone (EA19) dropped by 0.5 percentage points to 10.1%, according to Eurostat's final report released on Friday. This was 0.1 percentage points higher than the preliminary figure. The energy inflation rate was the highest contributor to the total inflation rate at 34.9%. Food, alcohol, and tobacco inflation was 13.6%, services inflation was 4.2%, and non-energy industrial goods inflation was 6.1%. Hungary had the highest inflation rate in November at 23.1%, while Spain had the lowest at 6.7%.