Eurozone Inflation Data

• Core Consumer Price Index (CPI) (y/y) (January), fact 1.1%, forecast 1.1%.
• Consumer Price Index (CPI) (y/y) (January), fact 1.4%, forecast 1.4%.
• Consumer price index (CPI) (m/m) (January), fact -1.0%, forecast -1.1%.

Inflation data in the eurozone in January were largely as predicted. At the same time, the consumer price index on a monthly basis showed less slowdown than expected. But general dynamics of the consumer price index in the eurozone remains restrained negative.

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

The euro reacted with restraint to inflation data, continuing to trade at the opening of the day level. In the future, on the general recovery of the dollar, data for the euro area may increase the pressure on the euro. The EUR/USD pair continues to trade in the flat limited to the trading range from 1.1360-70 to 1.1320-00.

Fig. 2. EUR/USD chart. Current price – 1.1340

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Hanzenko Anton

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