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Alert
Euro Area Inflation Rises to 2.2%, Unemployment Hits 6.4%
12/02/2025, 10:01
12/02/2025, 10:03
AI SUMMARY
●Euro Area unemployment rose to 6.4% in October, up from 6.3% previously
●November CPI increased 2.2% year-over-year, surpassing the 2.1% estimate
●Core CPI met expectations, holding steady at 2.4% year-over-year
The Euro Area unemployment rate for October increased to 6.4%, up from a previous 6.3%. This uptick in joblessness coincides with newly released inflation data indicating persistent price pressures.
Preliminary consumer prices for November rose 2.2% year-over-year, exceeding the market estimate of +2.1%. Meanwhile, Core CPI, which excludes volatile items like food and energy, matched analyst expectations at +2.4% year-over-year.