VAT cuts as Europe inflation eases to 10% – November 2022

A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation dropped back to 10.0% in November (10.6% in October 2022). Whilst energy prices dropped, food prices increased to 13.6% from 12.4% in the previous month.

Source: vatcalc.com

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