Estimates of the Federal Statistical Office Destatis in Germany showed a decline in inflation, represented by the Consumer Price Index (CPI), in the largest economy in the eurozone, to 10% in the preliminary estimated reading for November, which was announced moments ago, compared to 10.4% in the October reading.

On a monthly basis, inflation declined to 0.5% in November, compared to a growth of 0.9% in October, while it was expected to decline to 0.3%.

In details, energy prices declined in November to 38.45, compared to 43.9% in October, while the food index rose to 21% from 20.3%.

The euro is trading at 1.0361 levels against the US dollar, with slight declines.