Eurozone November ultimate CPI +2.2% vs +2.three% y/y prelim

• Prior +2.zero%
• Core CPI +2.7% vs +2.7% y/y prelim
• Prior +2.7%

No adjustments to the core estimate with companies inflation additionally remaining sticky at three.9%. The latter hasn’t actually moved a lot within the final six months, persevering with to carry nearer to four% nonetheless – because it was again in July. That exhibits that whereas the disinflation course of is on monitor, there’s nonetheless extra progress wanted going into subsequent 12 months.

This text was written by Justin Low at www.ubaidahsan.com.



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