There is Phase inversion (phase difference of ) of output voltage in CE configuration.

A transistor is current driven, increasing the base current (by the voltage going higher) causes the collector current to increase (in line with the gain of the device). Because the collector current increases, the voltage dropped across its collector load increases, so it's collector voltage drops. This gives an inverted signal. It is characterized by high voltage and current gain. The amplifier makes use of the voltage divider bias arrangement. Resistors R1 and R2 set the appropriate base potential. Capacitors C1 and C2 are known as coupling capacitors and Ce is known as emitter bypass capacitor. Capacitor C1 allows ac signal from voltage source Vs to be coupled to the input of the amplifier. When input voltage is increased, then, Ib is increased and Ic is also increased. Since Rc is between Vcc and Collector, the voltage drop across Rc is increased. Thus, collector-to-ground voltage is decreased. In a similar fashion, when input voltage is decreased, collector-to-ground voltage is increased. The Biasing resistor network made up of resistor R1 and R2 and the voltage supply Vcc The Coupling capacitor C1