Eurozone | Inflation remains stable in November and with downward surprises

Summary

Headline inflation remained stable at 0.1% YoY in November. Moderation of core inflation by 0.1pp to 0.9% YoY was not expected, which offset the lower fall in energy prices. Although these data may respond to volatility in the services sector in recent months, they provide more ammunition for the ECB to take action at its meeting on 3 December.

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