Euro area annual inflation was 3.1% in November 2007, up from 2.6% in October. A year earlier the rate was 1.9%. Monthly inflation was 0.5% in November 2007. EU annual inflation was 3.1% in November 2007, up from 2.7% in October. A year earlier the rate was 2.1%. Monthly inflation was 0.5% in November 2007. These figures come from Eurostat, the Statistical Office of the European Communities.

Inflation in the EU Member States
In November 2007, the lowest annual rates were observed in the Netherlands (1.8%), Finland (2.1%) and Slovakia (2.3%), and the highest rates in Latvia (13.7%), Bulgaria (11.4%) and Estonia (9.3%). Compared with October 2007, annual inflation rose in twenty-four Member States and fell in two.
The lowest 12-month averages up to November 2007 were registered in Malta (0.5%), France and Finland (1.5% each), and the highest in Latvia (9.5%), Hungary (7.9%) and Bulgaria (7.1%).
Euro area
The main components with the highest annual rates in November 2007 were education (9.4%), transport (5.8%) and food (4.3%), while the lowest annual rates were observed for communications (-1.8%), recreation & culture (0.3%) and clothing (1.2%). Concerning the detailed sub-indices, fuels for transport (+0.55 percentage points), heating oil (+0.17) and milk, cheese & eggs (+0.15) had the largest upward impacts on the headline rate, while telecommunications (-0.15) and garments (-0.11) had the biggest downward impacts.
The main components with the highest monthly rates were transport (1.5%), housing and food (0.8% each), and the lowest were recreation & culture (-0.4%), hotels & restaurants (-0.2%) and communications (-0.1%). In particular, fuels for transport (+0.22 percentage points), heating oil (+0.09) and milk, cheese & eggs (+0.04) had the largest upward impacts, while package holidays (-0.06), accommodation services (-0.05) and rents (-0.03) had the biggest downward impacts.