There is a huge expectation the week will deliver further good news on inflation. Data for the euro area in November looks set to show the smallest annual increases in prices since the supply chain pressure caused by Covid kicked off a wave of inflation in mid-2021. An early or ‘flash’ estimate for consumer inflation in Ireland is due on Wednesday, before the full euro-area-wide release on Thursday from Eurostat. A survey of economists by the Bloomberg news service suggests the key euro-area inflation rate that interest-rate setters must look at fell to 2.7pc in November from a year earlier. That would be a fraction of where it was a year ago and in or around the slowest pace since July 2021.

Source: Irish Independent November 27, 2023 13:39 UTC