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Eurozone Preliminary HICP inflation edges higher to 2.% YoY in December, as expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-over-year (YoY) in December after reporting a 2.2% increase in November, the official data released by Eurostat showed Monday. The reading aligned with the estimated 2.4% print for the reported period.

The Core HICP increased by 2.8% YoY in December, a tad quicker than the 2.7% growth in November and outpaced the 2.7% market forecast.

 

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Eurozone Harmonized Index of Consumer Prices (MoM) rose from previous -0.3% to 0.4% in December

Eurozone Harmonized Index of Consumer Prices (MoM) rose from previous -0.3% to 0.4% in December
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EUR: Will the ECB look through rising inflation? – ING

Notably EUR/USD is holding onto the gains made on yesterday's Washington Post report. We consider this a fair adjustment after EUR/USD overshot on the downside last week.
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