Eurozone final CPI arrives at 0.4% MoM in December, matching estimates
|- Eurozone inflation arrives at 5.0% YoY in December.
- Monthly CPI in the bloc rises to 0.4% in December.
- EUR/USD remains unfazed around 1.1350 on the EZ data.
Prices rose by 5.0% in the eurozone in December, on a yearly basis, according to Eurostat’s final reading of the Eurozone CPI report for the month. The reading was in line with the estimates of 5.0% and 5.0% expectations. Core figures rose by 2.6%, matching the 2.6% consensus forecasts.
When compared to November, the bloc’s CPI rose 0.4% versus 0.4% expected and 0.4% in the previous month, while the core CPI numbers also came in at 0.4% versus 0.4% expected and 0.4% last.
Key details (via Eurostat):
“The lowest annual rates were registered in Malta (2.6%), Portugal (2.8%) and Finland (3.2%). The highest annual rates were recorded in Estonia (12.0%), Lithuania (10.7%) and Poland (8.0%). Compared with November, annual inflation fell in seven Member States, remained stable in two and rose in eighteen.”
“In December, the highest contribution to the annual euro area inflation rate came from energy (+2.46 percentage points, pp), followed by services (+1.02 pp), non-energy industrial goods (+0.78 pp) and food, alcohol & tobacco (+0.71 pp).”
FX implications:
EUR/USD is little changed on the data release, currently trading at 1.1349, up 0.07% so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.