- Prior -0.5%
- +0.3% vs -0.2% exp m/m. Prior -2.5%
- CPI -0.2% vs -0.5% exp y/y. Prior -0.6%
- +0.3% vs 0.0% exp m/m. Prior -0.4%
- Italian NIC core +0.6% vs +0.3% prior y/y
Another lift in inflation from Europe but the euro is ignoring it. We can't judge it one one months data but if we see it rise in March and April that might have the market thinking about reducing their ECB QE spending forecasts
Italian HICP y/y
Spain also released CPI data earlier and HICP came in at -1.2% vs -1.5% exp and -1.5% prior y/y
