According to a flash estimate from Eurostat, euro area annual inflation is expected to be 1.3% in December 2019, up from 1.0% in November.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in December (2.0%, compared with 1.9% in November), followed by services (1.8%, compared with 1.9% in November), non-energy industrial goods (0.4%, stable compared with November) and energy (0.2%, compared with -3.2% in November).

Meanwhile, the core figure arrived at +1.3% in the reported month when compared to +1.3% expectations and +1.3% previous.