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EZ November PPI pace slows, record annual highs continue

EUROZONE DATA
MNI (London)

EUROZONE PPI for November +1.8% m/m, +23.7% y/y (previous 5.4% m/m; 21.9% y/y)

  • Eurozone factory gate inflation continued to soar in November, albeit at a significantly reduced pace on the month.
  • Energy prices jumped by 3.5%, intermediate goods by 1.5%, durable and non-durable consumer goods by 0.5% and 0.6% from October to November 2021.
  • Energy prices continue to be a key driver of inflationary pressure, rising an impressive 66.0% in November 2021 compared to the previous year.
  • Monthly core PPI came in at +0.9%.
  • Ireland saw the strongest annual factory gate inflation jump in the Eurozone, hitting +87.9% in November 2021.

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