Eurozone CPI was unchanged at -0.3% yoy in December, below expectation of -0.2% yoy. CPI core was also unchanged at 0.2% yoy. Looking at the main components, food, alcohol & tobacco is expected to have the highest annual rate in December (1.4%, compared with 1.9% in November), followed by services (0.7%, compared with 0.6% in November), non-energy industrial goods (-0.5%, compared with -0.3% in November) and energy (-6.9%, compared with -8.3% in November).
