Eurozone inflation rate expected to drop in November

The annual inflation in the eurozone is expected to be 0.3 percent in November, down from 0.4 percent in October, according to a flash estimate from EU statistical office Eurostat.
Among the main components of November's inflation, the service sector is expected to record the highest annual inflation rate of 1.1 percent, according to the office.
In October, the rate was 1.2 percent.
Compared with October, the inflation rate for food, alcohol and tobacco will remain stable at 0.5 percent in November.
The euro area inflation flash estimate is issued at the end of each reference month. The complete set of harmonized indices of consumer prices for the euro area, the EU and member states is released around the middle of the month following the reference month.
The next release with full data for November 2014 is scheduled for Dec. 17.