Euro Area Core Inflation Rate Confirmed at 5-Month Low âšī¸
The annual core inflation rate in the Euro Area, excluding energy, food, alcohol and tobacco, was 2.7% in November 2024, the lowest in five months and unchanged from October and September, while core consumer prices fell by 0.6% on a monthly basis.
The reported core inflation rate and monthly price changes in the Euro Area do not have a significant impact on the given investment portfolio, as it is diversified across various global markets and sectors. The neutral impact is due to the fact that the portfolio does not have a heavy concentration in European or Eurozone-specific investments.
UK Core Inflation Rate Highest in 3 Months âšī¸
The UK's annual core inflation rate rose to 3.5% in November 2024, slightly below market expectations, with the CPI services rate remaining steady and the CPI goods rate increasing.
The reported inflation data is in line with expectations and does not indicate a significant deviation from the current economic trends. As the portfolio has a diversified exposure across various asset classes, including both equities and fixed income, the neutral impact assessment suggests that the inflation data is unlikely to have a substantial effect on the overall performance of the investment portfolio.