Área Euro Núcleo da Inflação

The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, was at 2.4% for the third consecutive month in November of 2025, aligned with the preliminary estimate. Since reaching a near four-year low of 2.3% in May, core inflation in the bloc has remained steady, supporting ECB comments that additional rate cuts are unlikely. On a monthly basis, core consumer prices fell by 0.5% in November, matching the earlier estimate.