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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.
EUROZONE DATA
EZ Final HICP confirms flash; December inflation rises with Services and Unprocessed food contribution gains from November to December, confirming flash estimates at +2.9% Y/Y (vs +2.4% Y/Y prior) and +0.2% M/M (vs -0.6% M/M prior).
- Whilst Core inflation Y/Y printed in line with flash at +3.4% Y/Y (vs +3.6% Y/Y prior), on a monthly basis it was slightly higher than expected at +0.5% M/M (vs +0.4% M/M flash).
- At a country level: Malta and Portugal saw flash Y/Y HICP estimates revised up by +0.1ppt, while Finland's flash was revised down by -0.3ppts.
- The final readings show a bounce back slightly in Services and Unprocessed foods contribution to inflation in December, which rose +1.74ppt (vs +1,.69ppt prior) ,+0.31ppt (vs +0.28ppt prior) - with Services remaining the largest contributor to headline inflation rate.
- Energy's negative contribution also decreased to -0.68ppt (vs -1.41ppt prior).
- Whilst, Processed food and NEIG saw a fall in contribution to headline Y/Y inflation compared to November.
- Processed foods, alcohol, and tobacco contribution fell by -0.18ppt vs November - accounting for 0.91ppt of headline HICP Y/Y figure, and the lowest contribution since April 2022.
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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