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28 November 2022 | Other

Euro zone inflation in November remains above 10%

EURUSD
EURGBP
EURJPY
EURAUD
EURCAD

According to forecasts, inflation in the euro zone won’t change significantly, still remaining above 10%.

Although the rate of consumer price growth has likely slowed, according to analysts, it’s unlikely to fall below 10%. On average, analysts surveyed by Bloomberg believe inflation will remain at 10.4%. The exact figures will be revealed Wednesday after the report is released.

According to UniCredit economists Marco Valli, Loredana Maria Federico and Tullia Bucco, core inflation has either already reached its highest point or is close to it. Thus, deflation is expected in early 2023.

On December 15, the European Central Bank will decide on the interest rate. Analysts' forecasts and Wednesday's actual data will play a crucial role in this matter.

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