- Eurozone inflation arrives at -0.3% YoY in December.
- Monthly CPI in the bloc rises by 0.3% in December.
- EUR/USD holds the lower ground around 1.2125 on the data release.
According to Eurostat’s final reading of the Eurozone CPI report for December, the consumer prices came in at -0.3% on a yearly basis, meeting the flash estimate of -0.3% and -0.3% expectations. While the core figures rose by 0.2% versus +0.2% previous and +0.2% expectations.
On a monthly basis, the bloc’s CPI figure for December accelerated 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 Greece (-2.4%), Slovenia (-1.2%) and Ireland (-1.0%). The highest annual rates were recorded in Poland (3.4%), Hungary (2.8%) and Czechia (2.4%). Compared with November, annual inflation fell in nine Member States, remained stable in eight and rose in ten.”
“In December, the highest contribution to the annual euro area inflation rate came from services (+0.30 percentage points, pp), followed by food, alcohol & tobacco (+0.25 pp), non-energy industrial goods (-0.14 pp) and energy (-0.68 pp).”
FX implications:
EUR/USD holds the lower ground on the Eurozone inflation release. The spot erased entire gains to now trade flat at daily lows of 1.2119.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD now looks to the 200-day SMA
The improved risk-on mood and the loss of momentum in the Greenback allowed AUD/USD to quickly leave behind two consecutive sessions of losses and regain the area well past 0.6400 the figure at the beginning of the week, poking with multi-day highs at the same time.
EUR/USD retargets the 1.0700 region
EUR/USD added to Friday’s small gains and climbed further north of the 1.0650 level on the back of the vacillating price action around the US Dollar, all ahead of the publication of key US data releases later in the week.
Gold price hit one-week low as geopolitical fears subside
Gold prices plummet sharply and retrace last week's gains, down more than 2.50% as the Middle East's woes abate. The pullback in the price of gold metal could be attributed to profit-taking, as mentioned by Jim Wyckoff of Kitco News, alongside some modest strength in the US Dollar.
Bitcoin price breaches $66K amid dropping BTC transaction fees two days post halving
Bitcoin (BTC) price shows strength, but seemingly not enough to sustain a bold move north. It comes as markets continue in the euphoria of the halving, which has inspired bullish sentiment in the market.
After Monday's relief rally, attention shifts to earnings and policy fronts
With the easing of tensions in the Middle East, safe-haven demand reversed course; global stock markets experienced a modicum of relief. Indeed, in a classic relief rally fashion, Monday saw a rebound in the S&P 500, snapping a six-day losing streak.