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, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in December (1.8%, compared with 1.6% in November), followed by services (1.0%, compared with 1.4% in November), non-energy industrial goods (0.2%, stable compared with November) and energy (0.0%, compared with -1.1% in November).
In November 2013, compared with October 2013, industrial producer prices fell by 0.1% in both the euro area (EA17) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October prices decreased by 0.5% in both zones. In November 2013, compared with November 2012, industrial producer prices decreased by 1.2% in the euro area and by 1.0% in the EU28.