Eurozone January CPI final readings out now 23 Feb

  • 1.0% provisional
  • CPI yy 1.3% vs 1.3% exp vs 1.4% prev
  • mm -0.9% as exp vs 0.4%

Slightly softer as expected and still a concern for the ECB.

Eurostat:

The highest contribution to the annual EZ inflation rate came from services (+0.56 percentage points), followed by food, alcohol and tobacco (+0.39 pp), energy (+0.22 pp) and non-energy industrial goods (+0.15 pp).

EURUSD flying around (not) at 1.2310. EURGBP nudging up from that 0.8800 line in the sand. EURJPY going nowhere in a hurry still at 131.57

Zzzzzzzzzzzzzzz. Oh well, what's next to wait for?