Eurozone December final CPI y/y +1.4% vs +1.4% prelim
Final figures for Eurozone inflation reading by Eurostat - 17 January 2018
- Preliminary y/y +1.4%
- Final CPI m/m +0.4% vs +0.4% prelim
- Final core CPI y/y +0.9% vs +0.9% prelim
- Construction output (Nov) m/m +0.5% vs -0.4% prior
- Construction output (Nov) y/y +2.7% vs +2.0% prior
Right in line with expectations for inflation. Shouldn't be too much of an impact to the EUR. If anything, it still gives reason for EUR bulls to cautiously continue the run to the upside in the past week.
The jawboning by ECB members at current levels may slow things down a little - but remember, these are the same guys just a couple of months ago (and last month in fact) that kept harping about how great Eurozone growth is.
EUR/USD now inching upwards a little to 1.2246, while EUR/GBP is at 0.8876.