Not surprisingly, the first drop in the annual rate of Eurozone inflation in 17 months to 10.0% in November from 10.6% in October has got a lot of attention.
That is not to sound the all clear.
Energy and food prices are the two most volatile components of consumer prices.
The ECB is projecting, though, that both headline and core Eurozone inflation will decelerate to an average of 2.3% in 2024.
Turning to the week ahead, there is a relatively quiet data schedule on both sides of the Atlantic.
In the Eurozone, retail sales data for October are the main release of note.
There is a sparse data docket in the UK this week.
