Eurozone Inflation Rises UnexpectedlyBrussels, 2 Dec 2025 (ONA) — Eurozone inflation rose unexpectedly in November 2025 and moved away from the European Central Bank’s (ECB) target, flash
data published by Eurostat showed today.
Inflation rose to 2.2% in November, while it was expected to remain
unchanged at 2.1%. The rate remained slightly above the ECB’s 2%
target. Final data is due on 17 December 2025.
Excluding volatile energy, food, alcohol, and tobacco prices, core
inflation held steady at 2.4%, in line with expectations.
Looking at the main components of inflation, services showed the
highest annual rate of 3.5%, followed by food, alcohol, and tobacco,
which registered a stable growth of 2.5%.
Non-energy industrial goods prices moved up 0.6%, while energy prices
dropped 0.5%.
Last month, the ECB had retained its key interest rates for a third
straight policy session. The deposit rate was last lowered by a
quarter-point to the current level of 2% in June.
The governing council of the ECB will meet next in Frankfurt on 17 and 18 December 2025. Today’s data reinforces the expectations that the
bank will hold its rate again this month.
— Ends/Khalid