According to the report from Eurostat, euro area annual inflation is expected to be -0.3% in November 2020, stable compared to October.

Meanwhile, the core figures came in at 0.2% when compared to +0.2% expectations and +0.2% previous.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in November (1.9%, compared with 2.0% in October), followed by services (0.6%, compared with 0.4% in October), non-energy industrial goods (-0.3%, compared with -0.1% in October) and energy (-8.4%, compared with -8.2% in October).