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Quotes from Lloyds Bank:
- The first estimate of November CPI inflation in the euro area (Fri) is forecast to show further slippage. In the run up to this, inflation data for Germany and Spain (both Thurs) will provide some hints on the outturn.
- 'Headline' euro area inflation is expected to fall to 0.3%, from 0.4% in October. This drop is predicted to be primarily due to the lower oil price and the core rate (excluding food and energy) is forecast to be unchanged from last month.
- Nevertheless, a weak outturn will inevitably highlight concerns about disinflationary pressures.