Italy March preliminary CPI +1.0% vs +1.0% y/y expected

Author: Justin Low | Category: News

Latest data released by Istat - 29 March 2019

  • Prior +1.1%; revised to +1.0%
  • HICP +2.2% vs +2.1% m/m expected
  • Prior -0.2%; revised to -0.3%
  • HICP +1.0% vs +1.0% y/y expected
  • Prior +1.1%
Considering the downwards revision to last month's release, the annual headline inflation figure basically holds steady. That said, the softer readings seen in France and Germany will skew expectations for next week's Eurozone release to the downside surely.

EUR/USD sits lower on the day at 1.1210 now, falling to a three-week low as the dollar holds steady in European morning trade so far.

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