Eurozone Inflation Likely Hit Record High in November

Consumer-price inflation in the eurozone likely hit a record high in November, but many economists think that might mark a peak for now

Economic Performance/Indicators, Inflation Figures/Price Indices

11/28/2021 2:45:00 PM

Consumer-price inflation in the eurozone likely hit a record high in November, but many economists think that might mark a peak for now

Many economists think the latest increase might mark a peak for now, and therefore don’t expect the European Central Bank to raise its key interest rate next year.

Nov. 28, 2021 5:30 am ETConsumer-price inflation in the eurozone likely hit a record high in November, but many economists think that might mark a peak for now, and therefore don’t expect the European Central Bank to raise its key interest rate next year.

As in theU.S., consumer pricesin the eurozone have risen faster over recent months than most economists and policy makers had expected. The data have raised questions for investors, businesses and households about the credibility of central bank assertions that this period of high inflation is likely to prove transitory.

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