Prior +0.9%HICP +1.6% vs +1.5% y/y expectedPrior +1.0%
The nudge higher owes to base effects, similar to the rest of the euro area. However, core annual inflation is also seen marginally higher on the month – up from 1.8% in October to 1.9% in November. That said, it is still holding under 2% so that’s some comfort for the ECB as compared to the likes of Germany.
This article was written by Justin Low at www.forexlive.com.
