Eurozone headline inflation to rise 1.6% y/y in November - TDS
Analysts at TDS are in line with consensus looking for euro area headline inflation to rise 1.6% y/y in November, while core rises a notch to 1.0% y/y.
“Like in Germany, fuel prices remain an uncertainty in November’s data, after strong divergence between crude and petrol prices in recent months. Furthermore, the weakness seen in October’s services inflation was driven by the highly volatile (and unpredictable) package holidays and air travel categories. The unemployment rate is also released, and we and markets expect it to hold steady at its post-crisis low of 8.9%. Finally, the ECB’s Praet is delivering a lecture in Brussels at 10am GMT.”