Eurozone November preliminary CPI +1.0% vs +0.9% y/y expected
Latest data released by Eurostat - 29 November 2019
- Prior +0.7%
- Core CPI +1.3% vs +1.2% y/y expected
- Prior +1.1%
The positive takeaway here is that inflationary pressures are seen rebounding slightly in November with the core reading even mildly beating out expectations. The real question though is can this keep up going into next year?
Unless there is more evidence of sustainable inflation pressures, the data here will offer nothing else but mere comfort for the ECB that things aren't running off course just yet.