# Euro zone inflation, November 2024

> Annual euro zone inflation rose to 2.3% in November from 2% in October, in line with Reuters poll expectations. Core inflation held at 2.7% and services inflation eased slightly to 3.9%. Markets have fully priced in a 25-basis-point ECB cut for December.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: report · region Europe · magnitude low
- Page: https://feedsoft.ai/events/27623-euro-zone-inflation-november-2024
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The data confirms expectations and leaves the ECB easing path intact, so it has little direct effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-01-30 | [Euro zone GDP Q4 2024](https://feedsoft.ai/events/26729-euro-zone-gdp-q4-2024.md) | +0.0% | -0.0% |
| EURUSD | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.0% | +1.1% |
| EURUSD | 2025-04-30 | [Euro zone GDP Q1 2025](https://feedsoft.ai/events/25340-euro-zone-gdp-q1-2025.md) | -0.4% | -1.0% |
| EURUSD | 2023-03-01 | [Euro-Zone Core Inflation at Record Set to Embolden ECB Hawks](https://feedsoft.ai/events/37540-euro-zone-core-inflation-at-record-set-to-embolden-ecb-hawks.md) | -0.3% | +2.3% |
| EURUSD | 2026-07-31 | [Euro zone inflation ticks up in July, bolstering rate hike case](https://feedsoft.ai/events/7688-euro-zone-inflation-ticks-up-in-july-bolstering-rate-hike-case.md) | -0.0% | +1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/11/29/euro-zone-inflation-november-2024.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.