
November data on the Eurozone producer price index will be published at 12:00 (GMT+2). The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished products and final goods are taken into account). Higher producer prices are fueling consumer inflation. The negative dynamics is projected to slow down from -9.4% to -8.7% YoY and a correct from 0.2% to -0.1% MoM, which is likely to act as a driver for the decline in euro.

