- Prior +0.3%
- Core 0.8% vs 0.7% exp y/y. Prior 0.7%
The core rising should knock out any negativity from the headline number
No surprise to see what’s driving inflation lower as energy drops 6.3% vs -2.6% in Nov and there will be a bit more to come out in that next month.
Eurozone HICP details 07 01 2015
Eurozone HICP core yy 07 01 2015
Will that core number rising be enough to see the ECB stay on hold later this month? We get the final number next Friday and if it should push up to 0.9% that might have the market pricing out any action.
EUR/USD had a little 27 pip flip flop between 1.1849 and 1.1879 and sits at 1.1870
