Free Trial

Eurozone Inflation Climbs To Fresh Euro-Era High

EUROZONE DATA
MNI (London)

EZ DEC FLASH HICP +0.4% M/M; +5.0% Y/Y; NOV +4.9% Y/Y

EZ DEC FLASH CORE HICP +0.4% M/M; +2.6% Y/Y; NOV +2.6% Y/Y

  • Flash data for Eurozone harmonised inflation remained above market forecasts, once again breaking euro-era records.
  • Headline inflation increased marginally to +5.0% y/y in the flash reading for December, above the forecast of +4.8% y/y which had expected a dampening from +4.9% y/y in November. On the month, flash HICP was at +0.4%, once again marginally above expectations.
  • The core flash estimate also outpaced the forecast of +2.5% y/y, coming in at +2.6% y/y and remaining unchanged from the November reading.
  • In the December estimate, energy prices remained the key driver, hitting +26.0% y/y, albeit weakening slightly from +27.5% y/y in November.
  • Food, alcohol and tobacco rose 3.2% in December (2.2% November), industrial goods by +2.9% (2.4% in November) and services by 2.4% (lessening from 2.7% in November).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.