Will the ECB get an early Christmas present from inflation?

At the top of the hour we get the final CPI numbers for Nov

With the euro quite rightly getting beaten up by the dollar following the FOMC, some respite might come for better inflation numbers.

We don't often get that much of a difference between the flash and the final listings but even another tick up in CPI will be welcomed by Draghi & friends.

Expectations are for an unchanged number of 0.6% for CPI & 0.8% for the core y/y.

Eurozone CPI & core y/y

I doubt we'll see the euro move an awful lot on unchanged numbers but if we do get a wild card and a lower or higher number, we might see a move worth noting.

Best in 2026

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