Breaking: Annual HICP in euro area drops to 9.2% in December vs. 9.7% expected
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), declined to 9.2% on a yearly basis in December from 10.1% in November, Eurostat announced on Friday. This reading came in below the market expectation of 9.7%.
The annual Core HICP rose to 5.2% from 5%, surpassing analysts’ estimate of 5%. On a monthly basis, the HICP declined by 0.3% but the core HICP was up 0.6%.
EUR/USD edged slightly higher with the initial reaction to inflation figures and was last seen trading at 1.0515, where it was down 0.05% on a daily basis.
[/s2If]
Join Our Telegram Group
