- Prior +3.7%
- CPI +0.2% vs +0.2% m/m expected
- Prior +0.1%
- HICP +3.1% vs +3.2% y/y expected
- Prior +3.8%
- HICP -0.2% vs -0.1% m/m expected
- Prior +0.2%
This matches up with what was expected after the state readings earlier here. Adding to the softer headline numbers, core annual inflation is seen at 3.4% - down from 3.5% in December. After both the French and German readings, the odds of an ECB rate cut in April are now at ~86%. It was for a brief period fully priced in during the session earlier, as noted here.
