Eurozone Inflation Eased in November, but Further Rate Rises Likely

The annual rate of inflation in the eurozone fell in November for the first time since mid-2021 as energy prices dropped.

However, the slowdown isn’t likely to stop the European Central Bank from increasing interest rates further, economists warned. Consumer-price inflation across the 19 countries that share the euro has increased since Russia’s invasion of Ukraine, and the Kremlin’s decision to weaponize the country’s vast stores of energy to undermine European support for Kyiv.