A Sticky Situation
by AIB Treasury Economic Research Unit
- 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.
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