The annual inflation rate in the Eurozone increased for the second consecutive month, reaching 2.3% in November 2024, up from 2% in October, according to preliminary data.
The annual inflation rate in the Eurozone increased for the second consecutive month, reaching 2.3% in November 2024, up from 2% in October, according to preliminary data. This rise aligns with market expectations and reflects the diminishing impact of last year’s sharp drop in energy prices on the annual comparison.
Energy prices fell by 1.9% in November, a smaller decline compared to the 4.6% drop recorded in October. The cost of non-energy industrial goods rose by 0.7%, exceeding the 0.5% increase seen the previous month. Conversely, services inflation eased slightly to 3.9%, down from 4% in October, while food, alcohol, and tobacco prices grew at a slower rate of 2.8%, compared to 2.9% in the prior month.
Core inflation, which excludes volatile items such as food, energy, alcohol, and tobacco, remained steady at 2.7%, defying expectations of a rise to 2.8%. On a monthly basis, the Consumer Price Index (CPI) decreased by 0.3%, following a 0.3% increase in October.
Source: Eurostat
Fed, BOJ Hikes Lift Dollar as Oil Falls (21 – 25 September)Global markets entered the week balancing tighter monetary policy against signs of easing Middle East energy risks. The Federal Reserve remains the main macro driver after raising rates to 3.75%–4.00%, its first hike since 2023, and signaling that another increase remains possible this year. The Dollar Index advanced to 100.4, while Treasury yields remained elevated. The Bank of Japan also tightened policy, raising rates to 1.25%, although dissent within the board suggested that future increases could come at a slower pace.
Detail Falling Oil Prices Support Metals (09.21.2026)Easing oil prices offered some relief to financial markets as renewed diplomatic efforts in the Middle East reduced immediate inflation concerns.
BOJ Takes Rates to a 31-Year HighThe Bank of Japan raised its key short-term interest rate by 25 basis points to 1.25% in September, pushing borrowing costs to their highest level since April 1995 and taking another step away from decades of ultra-loose monetary policy.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
