• +0.1% prev flash
  • yy +0.3% vs +0.3% exp/prev flash
  • yy lowest since 2009
  • core CPI mm +0.5% vs +0.3% prev
  • yy +0.8% vs +0.7% exp vs +0.9% prev
  • ex tobacco mm +0.4% vs +0.1% prev
  • yy +0.3% as prev

The ECB can breathe a sigh of relief that there’s no softer readings vs expectations but they’re not out the woods yet and it’s still down from last month’s +0.4% yy.

Falling energy costs playing a major part here again

EURUSD surges up 5 pips to 1.2805 expressing that same sentiment!

Eurozone CPI table

Eurozone CPI table

Eurozone CPI mm

Eurozone CPI mm