driven by housing

Headline inflation eased to 3.4% in November from 3.6% in October, approaching the 3.0% recorded a year ago. Month-on-month prices remained unchanged following a 0.5% rise in October due to temporary utility hikes. For the year, inflation averages 3.9%, higher than 3.3% in 2024, driven by cost pressures in housing, utilities, and food. Economist Almandro Jansen of Simonis Storm comments on the trends.