December 2017 Eurozone final CPI report 17 January 2018

  • Flash 1.4%. Nov 1.5%
  • 0.4% vs 0.4% exp m/m. Prior 0.1%
  • Core 0.9% vs 0.9% exp y/y. Prior 0.9%
  • 0.5% vs -0.1% prior m/m

Nothing to see here folks. Draghi will be happy to continue singing about easing for as long as it takes at next week’s meeting. EURUSD not doing much at 1.2245

Also out;

  • Nov 2017 Construction output 0.5% vs -0.4% prior m/m. revised to -0.3%
  • 2.7% vs 2.0% prior. Revised to 2.2%
Ryan Littlestone

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