European Union annual inflation was 11.1% in November 2022, down from 11.5% in October. A year earlier, the rate was 5.2%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates in November were registered in Spain (6.7%), France (7.1%) and Malta (7.2%). In Malta, this was 0.2% lower than in October.

The highest annual rates were recorded in Hungary (23.1%), Latvia (21.7%), Estonia and Lithuania (both 21.4%). Compared with October, annual inflation fell in sixteen Member States, remained stable in three and rose in eight.

The euro area annual inflation rate was 10.1% in November 2022, down from 10.6% in October. A year earlier, the rate was 4.9% In November, the highest contribution to the annual euro area inflation rate came from energy (+3.82 percentage points, pp), followed by food, alcohol & tobacco (+2.84 pp), services (+1.76 pp) and non-energy industrial goods (+1.63 pp).