The annual inflation rate in the Eurozone was revised down to 2.1% in November 2025 from a preliminary of 2.2%, matching the October reading. Prices slowed for food, alcohol and tobacco (2.4% vs 2.5%) and non-energy industrial goods (0.5% vs 0.6%) but accelerated for services (3.5% vs 3.4%) and fell less for energy (-0.5% vs -0.9%). The lowest annual rates were registered in Cyprus (0.1%), France (0.8%) and Italy (1.1%) while the highest rates were recorded in Estonia (4.7%) and Croatia (4.3%). Inflation in Germany was 2.6% and in Spain it topped 3.2%. Meanwhile, the CPI fell 0.3% from the previous month, the first decline since January and in line with forecasts. Annual core inflation rate steadied at 2.4% for a second month.