FRCPI
  • Prior +3.5%
  • HICP +4.1% vs +4.1% y/y prelim
  • Prior +3.9%

No changes to the initial estimates and although the headline readings did tick higher in December, the core reading actually declined. Core annual inflation eased further to 3.4% on the month, down from 3.6% in November. So, that is still a welcome development for the ECB.