Eurozone Final CPI rises by 0.3% MoM in Dec, meets estimates - EUR keeps lows
|- Eurozone Annual inflation up to 1.3% in December.
- Eurozone Monthly inflation up to 0.3% in December.
- EUR/USD flirts with daily lows at 1.1125 on the data release.
According to Eurostat’s final reading of the Eurozone CPI report for December, the consumer prices came in at +1.3% on a yearly basis, matching the flash estimate of +1.3%. While the core figures rose 1.3% versus +1.3% previous.
On a monthly basis, the bloc’s CPI figure for Dec rose by 0.3% versus +0.3% expectations and -0.3% previous while the core CPI numbers arrived at +0.4% versus +0.4% expected and +0.4% last.
Key Details (via Eurostat):
“The lowest annual rates were registered in Portugal (0.4%), Italy (0.5%) and Cyprus (0.7%). The highest annual rates were recorded in Hungary (4.1%), Romania (4.0%), Czechia and Slovakia (both 3.2%). Compared with November, annual inflation fell in two Member States, remained stable in three and rose in twenty-three.
In December, the highest contribution to the annual euro area inflation rate came from services (+0.80 percentage points, pp), followed by food, alcohol & tobacco (+0.38 pp), non-energy industrial goods (+0.12 pp) and energy (+0.02 pp).”
FX Implications:
The in-line with estimates Eurozone inflation data failed to rescue the EUR bulls, as the shared currency meanders near daily lows of 1.1125 vs. the greenback.
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.