May 2018 Eurozine flash HICP inflation data 31 May 2018

  • Prior 1.2%
  • Core 1.1% vs 1.0% exp y/y. Prior 0.7%

Also out;

  • Eurozone unemployment rate Apr 2018 8.5% vs 8.4% exp. Prior 8.5%. Revised to 8.6%
  • Italy HICP 1.1% vs 1.0% exp y/y. Prior 0.6%
  • CPI 1.1% vs 0.8% exp y/y. Prior 0.5%

A beat all round but no further reaction in EURUSD as it stays near the highs of the day. 1.1710 trades form the 1.1724 highs.

Ryan Littlestone

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