Euro area annual inflation is expected to be 2.9% in December 2023, up from 2.4% 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 (6.1%, compared with 6.9% in November), followed by services (4.0%, stable compared
with November), non-energy industrial goods (2.5%, compared with 2.9% in November) and energy (-6.7%,
compared with -11.5% in November).
