- Prior 0.8%
- 0.3% vs 0.3% exp m/m. Prior -0.1%
- Ex-everything 0.7% vs 0.9% prior y/y
- 0.3% vs 0.0% prior m/m
- Ex-food, energy 0.9% vs 0.9% exp y/y. Prior 1.1%
- 0.2% vs 0.2% exp m/m. Prior 0.0%
The core number drops further and inflation without just food and energy falls also from 1.1%. It’s matched expectations but is down from the prior read of 1.1%. Looks like booze and fags the driver of the core number.
Euro largely unchanged at 1.3620 as the market believes Draghi’s mantra that inflation will remain low and that deflation is not on the horizon.
Final EZ HICP