Latest data released by Eurostat - 17 May 2019

  • Final CPI +1.7% vs +1.7% y/y prelim
  • Final CPI +0.7% vs +0.7% m/m expected
  • Prior +1.0%

Preliminary figures can be found here. The core reading was revised higher compared to initial estimates but as mentioned during the release at the time, the bump higher is largely attributable to Easter seasonality more than anything else.

We'll have to wait on May and June readings before coming to further conclusions about inflationary pressures in the region.