January 2017 Eurozone CPI flash data report 1.8% vs 1.6% exp y/y

Details from the January 2017 Eurozone CPI flash data report 31 January 2017

  • Prior 1.1%

  • Core 0.9% vs 0.9% exp y/y. Prior 0.9%

Wow, wow, wow. Inflation was 0.6% two months ago, it's 1.8% now. But, don't worry folks, there's nothing to see here as it's all temporary, and the core has remained at 0.9%. But, wait, didn't Nowotny say that the core doesn't matter yesterday? Colour me stupid.

Eurozone CPI & core y/y

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