December 2017 Eurozone CPI flash and November 2017 PPI 5 January 2018

November PPI

  • 0.6% vs 0.3% exp m/m. Prior 0.4%
  • 2.8% vs 2.5% exp y/y. Prior 2.5%

Italian HICP & CPI

  • HICP 1.0% vs 1.0% prior y/y
  • CPI 0.9% vs 0.9% prior y/y

Core inflation in the Eurozone is becoming the stubborn number as it’s been stcuk on 0.9% for a while now. There’s signs that we’ve hit a plateau in inflation for a while which will keep the emphasis on ECB easing.

Eurozone CPI y/y

Ryan Littlestone

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Ryan Littlestone

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