Eurozone November Inflation Rate Weaker than Expected

Eurozone consumer price inflation is expected to increase to 1.5 percent year-on-year in November 2017 from 1.4 percent in the previous month, missing market expectations of 1.6 percent. Energy prices should rise at a faster pace while food inflation is expected to ease slightly.
Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com 11/30/2017 10:14:55 AM
Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in November (4.7 percent, compared with 3 percent in October), followed by food, alcohol & tobacco (2.2 percent, compared with 2.3 percent in October), services (1.2 percent, stable compared with October) and non-energy industrial goods (0.4 percent, stable compared with October).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, is expected to remain at 0.9 percent, unchanged from the previous month's five-month low.

Eurozone November Inflation Rate Weaker than Expected