Euro Area Inflation Rate Up to 0.9% in November
In November, Euro Area’s consumer prices are expected to rise 0.9 percent on an annual basis, from 0.7 percent in October and 2.2 percent in November last year. Energy prices are expected to decrease again, but at a slower pace than in the previous month.
Looking at the main components of euro area inflation, food, alcohol and tobacco are expected to have the highest annual rate in November (1.6 percent, compared with 1.9 percent in October), followed by services (1.5 percent, compared with 1.2 percent in October), non-energy industrial goods (0.3 percent, stable compared with October) and energy (-1.1 percent, compared with -1.7 percent in October).
The core inflation rate, which excludes more volatile components such as energy, food, alcohol and tobacco, is expected to be 1 percent, up from 0.8 percent in the previous month.
11/29/2013 10:14:40 AM