Flash HICP (Dec 2019) ................>

EUROZONE DATA: Flash HICP (Dec 2019) 

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- EZ flash HICP strengthened by 0.3pp to 1.3% in Dec, the highest since June and

in line with market expectations.

- Dec core infl (HICP ex. energy, food, alcohol & tobacco) was unchanged at

Nov's level of 1.3%, as projected by markets.

- Dec's uptick was broad-based with prices for food, alcohol & tobacco seeing

the largest growth rate of 2.0% followed by prices for services (1.8%). 

- Energy inflation rebounded in Dec, up 3.4pp to 0.2%, after four consecutive

month of decline.

- Meanwhile, non-energy industrial goods prices remained at Nov's level of 0.4%.

- Inflation was trending downwards throughout 2019 and has remained below the

ECB's target of 2% since Oct 2018.

- Survey evidence points to subdued output charges in the coming month.