November 2017 Eurozone and Italian CPI & HICP reports 30 November 2017
- Prior 1.4%
- Core 0.9% vs 1.0% exp y/y. Prior 0.9%
Italian HICP and CPI
- HICP 1.1% vs 1.3% exp y/y. Prior 1.1%
- CPI 0.9% vs 1.1% exp y/y. Prior 1.0%
Eurozone number miss expectations, and the euro falls despite inflation rising. The market was perhaps looking for more after the strong German numbers yesterday.
EURUSD falls to 1.1808 from around 1.1830.
Other European data this morning;
- Germany retail sales Oct 2017 -1.2% vs 0.3% exp m/m. Prior 0.5%
- -1.4% vs 2.8% exp y/y. Prior 4.1%
- France HICP flash Nov 2017 1.3% vs 1.3% exp y/y. Prior 1.2%
- Oct 2017 PPI 0.2% vs 0.5% prior m/m
- Spain Q3 2017 GDP 0.8% q/q vs 0.8% exp/prior
- 3.1% y/y vs 3.1% exp/prior
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