- Prior was 10.9%
- HICP m/m +1.1% vs +0.5% expected
- Prelim CPI m/m +0.9% vs +0.6% expected
- Prelim CPI y/y +10.4% vs +10.1% expected
The regional numbers that have already been reported have been hot so this isn't a huge surprise but it highlights the challgen the ECB face and that the 50 bps priced in for December 15 isn't enough.
