April 2018 Eurozone HICP inflation and MArch 2018 PPI data 3 May 2018
- Prior 1.3%
- Core 0.7% vs 0.9% exp y/y. Prior 1.0%
March 2018 PPI
- 0.1% vs 0.1% exp. Prior 0.1%
- 2.1% vs 2.1% exp y/y. Prior 1.6%
That’s not a good number at all for inflation at all. The core number is bad. EURUSD hasn’t lost too much on this (1.1970 trades from 1.2005-ish) but if the pound got shaken out of hike mode on bad data, this is nearly just as bad for the ECB.