Euro area inflation down to 0.8% in December 2013

Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November, according to a flash estimate from Eurostat.

Looking at the main components of Euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in December, specifically 1.8%, compared with 1.6% in November, followed by services at 1.0%, compared with 1.4% in November, non-energy industrial goods at 0.2%, stable compared with November, and energy at 0.0%, compared with -1.1% in November.
The next release with full data for December 2013 is scheduled for January 16, 2014.