HICP inflation in the euro area up to 2.9% in December vs. 3% expected
Highlights: The annual inflation rate in the Euro area increased to 2.9% in December from 2.4% the previous month. The December HICP reading was below the market’s expectations of 3%. On a monthly basis, it increased 0.2%, which was also within the range of expectations. Core inflation, which excludes food and energy, was up 0.4% […]
Highlights:
- Annual HICP inflation in the Euro-Zone rose to 2.9% in December.
- The EUR/USD remains in negative territory, just above the 1.0900 level.
The annual inflation rate in the Euro area increased to 2.9% in December from 2.4% the previous month.
The December HICP reading was below the market’s expectations of 3%. On a monthly basis, it increased 0.2%, which was also within the range of expectations. Core inflation, which excludes food and energy, was up 0.4% in December, but was down from 3.6% in the previous year.
After the data, the euro fell against the dollar. It was last trading at 1.0910, down 0.3%.
