ING economist Bert Colijn wrote in a report that due to weak demand, inflation in the eurozone may decline next year.
In November, consumer prices rose by 2.3% year-on-year, with inflation exceeding the European Central Bank's target. However, the core inflation rate (excluding volatile energy prices) remains stable. As demand weakens in the 20-member currency alliance of Europe, it is expected to decrease in the coming months, according to Colijn.
"The labor market is weakening, and we expect wage growth to slow down next year."
