Latest data released by Eurostat - 30 November 2018
- Prior +1.1%
- Preliminary CPI +2.0% vs +2.0% y/y expected
- Prior +2.2%
The headline CPI reading comes in as expected but there's a bit of a softening in the core reading as it threatens to slip back below +1.0% y/y. The ECB will still feel comfortable as long as inflationary pressures hold up but with the core reading still going nowhere, it's hard to see them feel too bullish.
