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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.
EUROZONE DATA
Eurozone Final HICP confirms flash, January inflation falls with Processed food, alcohol and tobacco, and Core Goods (NEIG) contributions falling from December to January, confirming flash estimates at+2.8% Y/Y (vs +2.9% Y/Y prior) and -0.4% M/M (vs +0.2% M/M prior).
- Similarly, Core inflation printed in line with flash at +3.3% Y/Y (vs +3.4%Y/Y prior), and -0.9% M/M (vs +0.5% M/M prior).
- At a country level: Finland saw a +0.4ppt revision to flash Y/Y HICP, whilst Cyprus, Latvia, Lithuania and Slovakia saw flash Y/Y HICP were revised up by +0.1ppt. Luxembourg was revised down -0.2ppt and Portugal was revised down -0.1ppt
- The final readings show Services contribution stalling to +1.73ppt (vs +1.74ppt prior) and it remains the largest contributor to headline inflation rate.
- Processed Food, Alcohol, and Tobacco contributed +0.82ppt (vs +0.91ppt prior) - the lowest contribution since March 2022. Unprocessed foods contribution to headline HICP remains at +0.31ppt, the same as December.
- NEIG contributed +0.53ppt (vs +0.66ppt prior) - also the lowest contribution since July 2021.
- Energy's negative contribution continues to decrease as expected to -0.62ppt (vs -0.68ppt prior).
Soyurce: MNI/Eurostat
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.
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