Details from the March 2017 Eurozone CPI flash report 31 March 2017
Prior 2.0%
Core 0.7% vs 0.9% exp y/y. Prior 0.9%
These numbers would be a sell in my book but the euro is doing nothing. ECB's Coeure is out saying that the balance of risks for growth has been shifted by the data towards neutral territory. I'll get the rest in a mo.
The drop in inflation more than expected would have been largely factored in after the German numbers yesterday. A quick look at the latest estimates show that 1.5-1.7% was being factored in for today (note to self: Remember to check the updated estimates next time).
Eurozone CPI y/y
