Inflation for the 20 countries using the euro currency fell from an annual 2.9% in October, according to numbers released Thursday by Eurostat, the European Union's statistics agency.
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00:00 Christmas is coming, the goose is getting fat and inflation in the Eurozone is expected to stand at 2.4%.
00:07 That's according to a flash estimate released by the EU statistics agency Eurostat.
00:12 It says food, alcohol and tobacco prices have dropped 0.5%, but energy costs have only fallen 0.3%.
00:20 If these figures are confirmed, it will mark a five-point drop compared to September.
00:24 This comes a month after the European Central Bank halted a ten-month consecutive rise in interest rates.
00:30 While the short-term outlook remains subdued, the economy is set to strengthen again over the coming years
00:37 as inflation falls further, household real incomes recover and the demand for Euro area exports picks up.
00:47 Hungary has the highest level of inflation across the Eurozone at 9.6%. Belgium, Italy and Finland on the other hand are in deflation, all coming in under 1%.
00:57 (whooshing)