- The eurozone inflation picture remains unchanged from last week. We still think that risks to the January flash estimate (reported at 1.0% yoy) are tilted towards an upward revision.
- Today, Italy’s January preliminary inflation rate was reported at 1.3% yoy (vs. the previous 1.0%), 0.1pp lower than our own forecast. Weakness was visible particularly on core and food prices. We have adjusted our FOI projection accordingly.
- Our preliminary estimate for February sees the yearly inflation rate in the eurozone either stabilizing or easing slightly vs. January.
Euro Inflation Update
Eurozone inflation picture remains unchanged from last week
Fri, Feb 5 2010, 16:10 GMT
by
UniCredit Research
- UniCredit Group
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