BRUSSELS (Xinhua) – The annual inflation in the eurozone is expected to be 0.3 per cent in November, down from 0.4 per cent in October, according to a flash estimate from EU statistical office Eurostat.
Among the main components of November’s inflation, the service sector is expected to record the highest annual inflation rate of 1.1 per cent, according to the office.
In October, the rate was 1.2 per cent.
Compared with October, the inflation rate for food, alcohol and tobacco will remain stable at 0.5 per cent in November.
The euro area inflation flash estimate is issued at the end of each reference month. The complete set of harmonized indices of consumer prices for the euro area, the EU and member states is released around the middle of the month following the reference month.
The next release with full data for November 2014 is scheduled for Dec. 17.