Market Update: Eurozone Annual inflation down to 1.9% - Forex News by FX Leaders

Market Update: Eurozone Annual inflation down to 1.9%

Posted Monday, December 17, 2018 by
Arslan Butt • 1 min read

The Euro area annual inflation rate was 1.9% in November 2018, down from 2.2% in October. A year earlier, the rate was 1.5%. European Union annual inflation was 2.0% in November 2018, down from 2.2% in October.

A year earlier, the rate was 1.8%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Denmark (0.7%), Ireland (0.8%) and Portugal (0.9%).

The highest annual rates were recorded in Estonia, Hungary, and Romania (all 3.2%). Compared with October 2018, annual inflation fell in twenty-five Member States, remained stable in one and rose in one. However, the EUR/USD has a muted impact as it continues to trade near $1.1340 with an immediate resistance near $1.1360.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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