Latest data released by Eurostat - 4 January 2019
- Prior +2.0%
- Core CPI +1.0% vs +1.0% y/y expected
- Prior +1.0%
The headline figure slows to +1.6% y/y and that's not encouraging if the trend continues to point towards lower inflationary pressures moving forward. The good news is that core inflation holds steady at +1.0% y/y but it has barely moved over the past few months anyway.
EUR/USD slips a little to 1.1398 with EUR/GBP hitting a session low of 0.8997 currently.