Eurozone Inflation Data

• Core Consumer Price Index (CPI) (y/y) (Feb), fact 1.0%, forecast 1.0%.
• Consumer Price Index (CPI) (y/y) (Feb), fact 1.5%, forecast 1.5%.
• Consumer Price Index (CPI) (m/m) (Feb), fact 0.3%, forecast 0.3%.

An inflation report in the eurozone for February fully coincided with forecasts. As a result, there was no significant reaction to this statistic. But, it is worth noting that inflation in the eurozone accelerated in February, indicating a slowdown in the decline of this indicator.

Fig. 1. Eurozone consumer price index (CPI) (y) chart

As a result, the euro received very restrained support on the prospects of increasing inflationary pressure in the eurozone, which is also enhanced by the persistence of downward sentiment on the dollar. Significant resistance for the EUR/USD pair is located at the levels: 1.1350 and 1.1380, support: 1.1300 and 1.1280.

Fig. 2. EUR/USD. Current price – 1.1320

Read also: “Financial issues at the beginning of 2018”

Hanzenko Anton

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