November EZ HICP final 0.9% vs 0.9% exp y/y

• Prior 0.9%
• -0.1% vs -0.1% exp m/m. Prior -0.1%
• Ex food, energy 0.0% vs 0.1% exp m/m. Prior 0.1%
• 1.1% vs 1.0% exp y/y. Prior 1.0%
• Ex everything (Core) 0.0% vs 0.0% prior m/m
• 0.9% vs 0.8% prior y/y

Headline unchanged and the core ticks up slightly alongside the ex food and energy only component. It’s confirmed that inflation has stopped falling but we’ll need to see over the next couple of months whether this is the bottom.

EZ HICP final 17 12 2013