Eurozone Inflation Data

• Core Consumer Price Index (CPI) (y/y) (December), fact 1.0%, forecast 1.0%.
• Consumer Price Index (CPI) (m/m) (December), fact 0.0%, forecast -0.2%.
• Consumer Price Index (CPI) (y/y) (December), fact 1.6%, forecast 1.6%.

An inflation report in the eurozone for December was restrained positive, which was caused by an unexpected increase in the consumer price index on a monthly basis. At a time when this indicator year on year continues to slow down and maintain a downward trend, which caused a restrained influence of this report on the euro and kept concerns about inflation in the eurozone.

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

 

The euro has not actually responded to the restrained data on inflation in the eurozone, retaining the downward dynamics on maintaining political risks in Europe and confirming keeping the downward dynamics in the EUR/USD pair, which is limited to support levels: 1.1380 and 1.1350, resistance: 1.1410 and 1.1430.

Fig. 2. EUR/USD chart. Current price – 1.1390

Read also: “Reserve Bank of New Zealand and prospects for its monetary policy”

Hanzenko Anton

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