MNI China Daily Summary: Thursday, December 12

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EUROPEAN INFLATION: State level data show no huge miss for national CPI

EUROPEAN INFLATION
Data BulletEurozoneGermanyCEEMEABulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • First look, the state CPIs are coming in between 0.0-0.2% M/M, the estimate for the national (non-HICP print) which is forecast at +0.1%M/M.
  • So no immediate obvious implication for the national print from these state-level data.
  • Note - this data corresponds to the national (non-HICP) print so there may be discrepancies with HICP.
  • Full national tracking estimate coming later.
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  • First look, the state CPIs are coming in between 0.0-0.2% M/M, the estimate for the national (non-HICP print) which is forecast at +0.1%M/M.
  • So no immediate obvious implication for the national print from these state-level data.
  • Note - this data corresponds to the national (non-HICP) print so there may be discrepancies with HICP.
  • Full national tracking estimate coming later.